Berenberg Bank Keeps Their Buy Rating on Diageo (DGEAF)
In a report released today, Javier Gonzalez Lastra from Berenberg Bank maintained a Buy rating on Diageo, with a price target of £23.70.
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Gonzalez Lastra covers the Consumer Defensive sector, focusing on stocks such as Diageo, Anheuser Busch InBev SA/NV, and Carlsberg AS. According to TipRanks, Gonzalez Lastra has an average return of 5.2% and a 56.46% success rate on recommended stocks.
In addition to Berenberg Bank, Diageo also received a Buy from Evercore ISI’s Robert Ottenstein in a report issued on January 22. However, on the same day, Deutsche Bank maintained a Hold 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.
Read More on DGEAF:
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- 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
