Diageo (DGEAF) was Downgraded to a Hold Rating at Kepler Capital

Kepler Capital analyst Carola Holtz downgraded Diageo (DGEAFResearch Report) to Hold yesterday and set a price target of p2900.00. The company’s shares closed last Tuesday at $35.95.

According to TipRanks.com, Holtz is a 1-star analyst with an average return of -2.0% and a 50.3% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and Nestlé SA.

Diageo has an analyst consensus of Hold, with a price target consensus of $35.98, representing a -0.8% downside. In a report issued on May 28, Citigroup also downgraded the stock to Hold.

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The company has a one-year high of $44.05 and a one-year low of $24.55. Currently, Diageo has an average volume of 9,608.

Based on the recent corporate insider activity of 80 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.

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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.