Deutsche Bank Aktiengesellschaft reissued their sell rating on shares of Diageo (LON:DGE – Free Report) in a research note released on Tuesday, Marketbeat.com reports.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reiterated a neutral rating on shares of Diageo in a research report on Monday, February 26th. Jefferies Financial Group reissued a hold rating and issued a GBX 2,900 ($36.43) target price on shares of Diageo in a research report on Thursday, April 18th. Finally, Barclays reduced their price target on shares of Diageo from GBX 3,730 ($46.85) to GBX 3,550 ($44.59) and set an overweight rating for the company in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of GBX 3,040 ($38.19).
Check Out Our Latest Analysis on DGE
Diageo Stock Performance
Insider Transactions at Diageo
In related news, insider Karen Blackett bought 702 shares of the business’s stock in a transaction on Monday, April 8th. The stock was bought at an average price of GBX 2,826 ($35.50) per share, for a total transaction of £19,838.52 ($24,919.63). In other news, insider Javier Ferrán purchased 290 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of GBX 2,853 ($35.84) per share, with a total value of £8,273.70 ($10,392.79). Also, insider Karen Blackett purchased 702 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average cost of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). Insiders purchased 1,002 shares of company stock valued at $2,839,892 over the last three months. 0.13% of the stock is owned by corporate insiders.
About Diageo
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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