Diageo (DGEAF) Receives a Buy from Goldman Sachs


Goldman Sachs analyst Olivier Nicolai maintained a Buy rating on Diageo (DGEAF) on November 12 and set a price target of £32.00. The company’s shares closed last Friday at $37.74.

Nicolai has an average return of 11.1% when recommending Diageo.

According to TipRanks.com, Nicolai is ranked #3842 out of 7087 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Diageo with a $37.78 average price target, a -1.8% downside from current levels. In a report issued on November 10, Jefferies also maintained a Buy rating on the stock with a £35.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $42.66 and a one-year low of $24.55. Currently, Diageo has an average volume of 9,339.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts