UBS Believes Diageo (Other OTC: DGEAF) Won’t Stop Here

UBS analyst Nik Oliver maintained a Buy rating on Diageo (DGEAFResearch Report) on August 2 and set a price target of £38.00. The company’s shares closed last Tuesday at $50.85, close to its 52-week high of $50.93.

Oliver has an average return of 14.9% when recommending Diageo.

According to, Oliver is ranked #2645 out of 7617 analysts.

Diageo has an analyst consensus of Moderate Buy, with a price target consensus of $50.42, which is a -0.8% downside from current levels. In a report issued on July 29, Goldman Sachs also maintained a Buy rating on the stock with a £38.00 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 15.17K.

Based on the recent corporate insider activity of 78 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.