Diageo (DGEAF) Receives a Buy from UBS

In a report released today, Sanjeet Aujla from UBS maintained a Buy rating on Diageo, with a price target of £24.50. The company’s shares closed yesterday at $23.71.

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Aujla covers the Consumer Goods sector, focusing on stocks such as Anheuser Busch InBev SA/NV, Heineken NV, and Davide Campari-Milano SpA. According to TipRanks, Aujla has an average return of 0.1% and a 47.93% success rate on recommended stocks.

Diageo has an analyst consensus of Moderate Buy, with a price target consensus of $31.62, representing a 33.36% upside. In a report released on September 26, Bank of America Securities also maintained a Buy rating on the stock with a p2,050.00 price target.

Based on Diageo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.9 billion and a net profit of $1.94 billion. In comparison, last year the company earned a revenue of $10.96 billion and had a net profit of $2.21 billion

Based on the recent corporate insider activity of 144 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.