Diageo (NYSE:DEO) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports.
Other analysts have also issued reports about the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Diageo in a research note on Thursday, October 24th. ValuEngine lowered shares of Diageo from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Diageo from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 10th. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $171.00 price objective for the company in a research note on Monday, November 4th. Finally, Societe Generale lowered shares of Diageo from a “buy” rating to a “sell” rating in a research note on Thursday, September 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $171.00.
Shares of DEO opened at $161.77 on Tuesday. The firm has a market capitalization of $105.19 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.84 and a beta of 0.44. Diageo has a 12-month low of $137.24 and a 12-month high of $176.22. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average price of $161.30 and a 200-day moving average price of $166.38.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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