Citi Sticks to Its Buy Rating for Diageo (DGEAF)
In a report released today, Simon Hales from Citi maintained a Buy rating on Diageo, with a price target of £22.00.
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According to TipRanks, Hales is a 4-star analyst with an average return of 6.3% and a 62.76% success rate. Hales covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Coca-Cola Europacific Partners, and Pernod Ricard.
In addition to Citi, 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 p2,226.00 and a one-year low of p1,421.50. Currently, Diageo has an average volume of 5.15M.
Based on the recent corporate insider activity of 134 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 Cuts Dividend and Trims Outlook as U.S. and China Weigh on Sales
- Diageo Executives Acquire Shares Under One World Incentive Plan
- Diageo Director Susan Kilsby Takes Interim Executive Role at Fortune Brands
- Diageo Executives Acquire Shares Under Incentive Plan
- Diageo Chair Sir John Manzoni Buys Shares in Insider Deal Disclosure
