Diageo (DGEAF) Receives a Sell from Jefferies

Jefferies analyst Ed Mundy maintained a Sell rating on Diageo (DGEAFResearch Report) on August 4 and set a price target of £22.00. The company’s shares closed last Friday at $33.86.

According to TipRanks.com, Mundy is a 4-star analyst with an average return of 6.8% and a 64.8% success rate. Mundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Anheuser-Busch Inbev Sa, and Fevertree Drinks.

Currently, the analyst consensus on Diageo is a Moderate Buy with an average price target of $37.39, implying a 10.1% upside from current levels. In a report issued on August 5, J.P. Morgan also maintained a Sell rating on the stock with a p2475.00 price target.

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The company has a one-year high of $43.90 and a one-year low of $24.55. Currently, Diageo has an average volume of 15.9K.

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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.