Jefferies Sticks to Its Buy Rating for Diageo (DGEAF)
In a report released today, Ed Mundy from Jefferies maintained a Buy rating on Diageo, with a price target of £20.00.
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Mundy covers the Consumer Defensive sector, focusing on stocks such as Diageo, Anheuser Busch InBev SA/NV, and Pernod Ricard. According to TipRanks, Mundy has an average return of -0.2% and a 44.66% success rate on recommended stocks.
In addition to Jefferies, Diageo also received a Buy from Bank of America Securities’s Andrea Pistacchi in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on Diageo (Other OTC: DGEAF).
The company has a one-year high of p2,565.00 and a one-year low of p1,564.00. Currently, Diageo has an average volume of 5.57M.
Based on the recent corporate insider activity of 130 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.
Read More on DGEAF:
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- Diageo price target lowered to 1,920 GBp from 2,100 GBp at BofA
- Diageo: Near‑Term US Headwinds Offset by Deleveraging, Portfolio Actions, and Re‑Rating Potential Under New CEO
- Diageo Executives Acquire Shares Under 2001 Incentive Plan
- Diageo Chair Sir John Manzoni Buys Additional Shares in Company
- Diageo upgraded to Outperform from Sector Perform at RBC Capital
