Diageo (DGEAF) Got Some Good News


Jefferies analyst Ed Mundy upgraded Diageo (DGEAF) to Buy yesterday and set a price target of £33.00. The company’s shares closed last Tuesday at $34.19.

Mundy has an average return of 12.9% when recommending Diageo.

According to TipRanks.com, Mundy is ranked #2114 out of 6979 analysts.

Currently, the analyst consensus on Diageo is a Hold with an average price target of $36.52, representing a 5.1% upside. In a report issued on September 28, Goldman Sachs also maintained a Buy rating on the stock with a £30.00 price target.

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Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DGEAF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other. The company was founded on October 21, 1886 and is headquartered in London, the United Kingdom.

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