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Deutsche Bank Reaffirms Their Hold Rating on Diageo (DGEAF)

Tipranks - Tipranks - Wed Jan 7, 10:40AM CST

Deutsche Bank analyst Mitch Collett maintained a Hold rating on Diageo today and set a price target of £17.90.

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According to TipRanks, Collett is ranked #3189 out of 10149 analysts.

Currently, the analyst consensus on Diageo is a Moderate Buy with an average price target of £19.55.

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Based on Diageo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p9.42 billion and a net profit of p422.6 million. In comparison, last year the company earned a revenue of p9.31 billion and had a net profit of p1.66 billion

Based on the recent corporate insider activity of 131 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DGEAF in relation to earlier this year.

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