Diageo plc (DEO) Receives $160.50 Average Target Price from Analysts
Diageo plc (NYSE:DEO) has earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $160.50.
Separately, Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. TRUE Private Wealth Advisors acquired a new stake in shares of Diageo during the third quarter valued at $105,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Diageo during the second quarter valued at $115,000. Centaurus Financial Inc. acquired a new stake in shares of Diageo during the second quarter valued at $123,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of Diageo during the third quarter valued at $142,000. Finally, Massey Quick Simon & CO. LLC boosted its stake in Diageo by 1,212.0% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,312 shares of the company’s stock worth $188,000 after buying an additional 1,212 shares during the last quarter. 11.26% of the stock is currently owned by institutional investors and hedge funds.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
Read More: What is Compound Annual Growth Rate (CAGR)?
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.