Diageo (NYSE:DEO – Get Rating) had its price target cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 3,350 ($41.10) to GBX 3,160 ($38.77) in a note issued to investors on Wednesday, The Fly reports.
Several other equities research analysts have also recently issued reports on DEO. Erste Group Bank cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. JPMorgan Chase & Co. lifted their price objective on shares of Diageo from GBX 4,350 ($53.37) to GBX 4,500 ($55.21) in a research report on Thursday, December 1st. BNP Paribas cut shares of Diageo to a “neutral” rating in a research report on Tuesday, September 6th. StockNews.com began coverage on shares of Diageo in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Exane BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4,164.44.
Diageo Stock Up 0.6 %
DEO stock traded up $1.14 during midday trading on Wednesday, hitting $188.84. The company’s stock had a trading volume of 14,527 shares, compared to its average volume of 386,857. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. Diageo has a 52-week low of $160.09 and a 52-week high of $223.14. The firm has a 50-day simple moving average of $174.47 and a 200-day simple moving average of $177.25.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in shares of Diageo by 135.5% during the second quarter. Wolff Wiese Magana LLC now owns 146 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Diageo during the first quarter worth about $33,000. Heritage Financial Services LLC acquired a new position in shares of Diageo during the second quarter worth about $34,000. Hexagon Capital Partners LLC boosted its holdings in Diageo by 206.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the company’s stock worth $35,000 after buying an additional 134 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in Diageo by 10,000.0% during the second quarter. Bogart Wealth LLC now owns 202 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. 9.00% of the stock is currently owned by institutional investors and hedge funds.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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