Fiddich Review Centre
Scotch Whisky

Erste Group Bank has upgraded Taiwan Semiconductor Manufacturing (NYSE:TSM) to “Buy.”

In a research note that was published on Friday, investment analysts at Erste Group Bank lowered their recommendation for Diageo (NYSE: DEO) from a “buy” rating to a “hold,” as reported by The Fly.

There have been several other publications that have concentrated on DEO. The target price that Royal Bank of Canada has set for Diageo shares has increased from GBX 2,800 ($32.90) to GBX 3,000 ($35.25), as stated in a research note published on Friday, July 29th. Berenberg Bank increased their price target on Diageo shares in a research note published on Tuesday, August 2nd. The new price target is GBX 4,160 ($48.88), up from GBX 3,900 ($45.83). In a research note published on Tuesday, September 6th, Exane BNP Paribas lowered its recommendation for Diageo shares from “outperform” to “neutral.” Within a research report made available to the public on October 12th, began providing coverage on shares of Diageo. They suggested that the stock be bought instead of sold.
Last but not least, in a research study published on Tuesday, August 2nd, UBS Group increased the price target they had previously established for Diageo shares from GBX 4,300 ($50.53) to GBX 4,500 ($52.88). As a result, two financial experts believe that investors should consider selling the stock, while five others believe that investors should consider sticking with it. According to the data provided by Bloomberg, the average recommendation for Diageo is “Hold,” and the consensus regarding the price objective is $4,198.75.
On Friday, the price of a share of DEO’s stock increased by $2.09 to $177.63. Compared to the typical volume of 388,871 shares, the company’s stock was traded for 359,536 shares. The current ratio is 1.53, the quick ratio is 0.69, and the debt-to-equity ratio is 1.60. As a result, the debt-to-equity ratio is higher than the current and quick ratios combined. The lowest price that Diageo has been over the past 52 weeks is $160.09, while its all-time high is $223.14. The company’s moving average over the past 50 days is $170.00, and its moving average over the past 200 days is $177.61.
Recently, various institutional investors and hedge funds have made various adjustments to the holdings they hold in DEO. MCF Advisors LLC shelled out nearly $27,000 over the year’s first three months to fill a new post at Diageo. The investment firm Wolff Wiese Magana LLC grew its holdings in Diageo by 135.5% during the second quarter. After making further purchases during the period, Wolff Wiese Magana LLC now possesses 146 shares of the company’s stock, which have a combined worth of $25,000. During the first three months of the year, Lansing Street Advisors invested approximately $32,000 to acquire a new position at Diageo. Pinnacle Holdings LLC invested $33,000 in Diageo shares during the year’s first quarter. Finally, Howe & Rusling Inc. boosted the Diageo stock it held throughout the first quarter by 111.5%. Howe & Rusling Inc. now has 165 shares of the company’s stock worth $34,000 after the business purchased an additional 87 shares during the period in question. Institutional investors hold nine percent of the company’s total shares.

Alcoholic beverages are produced, marketed, and distributed by Diageo plc and its subsidiary companies. Scotch, whisky, gin, vodka, rum, ready-to-drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy are all available, in addition to beer, cider, and beverages that do not contain alcohol.

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