UBS Sticks to Their Hold Rating for Diageo (DGEAF)
UBS analyst Sanjeet Aujla maintained a Hold rating on Diageo today and set a price target of £17.80.
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According to TipRanks, Aujla is a 3-star analyst with an average return of 1.3% and a 52.00% success rate. Aujla covers the Consumer Defensive sector, focusing on stocks such as Diageo, Heineken NV, and Anheuser Busch InBev SA/NV.
In addition to UBS, Diageo also received a Hold from Deutsche Bank ‘s Mitch Collett in a report issued today. However, on the same day, Barclays maintained a Buy rating on Diageo (Other OTC: DGEAF).
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 133 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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