J.P. Morgan Remains a Hold on Diageo (DGEAF)

In a report issued on September 2, Celine Pannuti CFA from J.P. Morgan maintained a Hold rating on Diageo (DGEAFResearch Report), with a price target of £37.00. The company’s shares closed last Friday at $49.92, close to its 52-week high of $50.93.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -2.1% and a 47.3% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Nestlé SA, and Essity AB.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Diageo with a $50.92 average price target, implying a 2.0% upside from current levels. In a report issued on August 25, Bernstein also maintained a Hold rating on the stock with a £35.80 price target.

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The company has a one-year high of $50.93 and a one-year low of $31.40. Currently, Diageo has an average volume of 14.81K.

Based on the recent corporate insider activity of 79 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.