Diageo (DGEAF) Receives a Buy from Kepler Capital
In a report released on January 21, Richard Withagen from Kepler Capital maintained a Buy rating on Diageo, with a price target of p2,700.00. The company’s shares closed yesterday at p1,672.00.
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Withagen covers the Consumer Defensive sector, focusing on stocks such as Diageo, Remy Cointreau, and Davide Campari-Milano SpA. According to TipRanks, Withagen has an average return of -2.5% and a 39.88% success rate on recommended stocks.
Diageo has an analyst consensus of Moderate Buy, with a price target consensus of p0.21, implying a -99.99% downside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a £25.50 price target.
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.
Read More on DGEAF:
Disclaimer & DisclosureReport an Issue
- Diageo Executives Receive Matching Shares Under One World Incentive Plan
- Diageo Executive Committee Member Acquires Shares Under Incentive Plan
- Diageo Director John Rishton Named Chair Designate of Imperial Brands
- Diageo Discloses Dividend Reinvestment Share Allocation to Non-Executive Director
- Diageo Discloses Chair’s Share Acquisition via Dividend Reinvestment Plan
