Diageo (NYSE:DEO) Upgraded at StockNews.com

Diageo (NYSE:DEOGet Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other equities research analysts also recently commented on DEO. Credit Suisse Group lifted their price objective on Diageo from GBX 4,400 ($53.01) to GBX 4,550 ($54.82) in a report on Friday. Morgan Stanley reduced their price objective on Diageo from GBX 4,500 ($54.22) to GBX 4,100 ($49.40) in a report on Tuesday, June 28th. Barclays lifted their price objective on Diageo from GBX 5,040 ($60.72) to GBX 5,430 ($65.42) in a report on Friday. Societe Generale lifted their price objective on Diageo from GBX 4,250 ($51.20) to GBX 4,500 ($54.22) in a report on Tuesday, April 19th. Finally, Royal Bank of Canada raised their target price on Diageo from GBX 2,800 ($33.73) to GBX 3,000 ($36.14) in a research report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus price target of $4,146.67.

Diageo Stock Up 0.5 %

NYSE DEO opened at $191.40 on Friday. Diageo has a one year low of $166.24 and a one year high of $223.14. The stock has a 50-day moving average of $178.37 and a 200 day moving average of $191.47. The company has a current ratio of 1.52, a quick ratio of 0.70 and a debt-to-equity ratio of 1.40.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Concord Wealth Partners lifted its position in shares of Diageo by 81.2% during the 1st quarter. Concord Wealth Partners now owns 125 shares of the company’s stock valued at $25,000 after buying an additional 56 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Diageo by 135.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 146 shares of the company’s stock valued at $25,000 after buying an additional 84 shares in the last quarter. JNBA Financial Advisors lifted its position in shares of Diageo by 132.7% during the 4th quarter. JNBA Financial Advisors now owns 121 shares of the company’s stock valued at $27,000 after buying an additional 69 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC lifted its position in shares of Diageo by 432.0% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 133 shares of the company’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in shares of Diageo during the 1st quarter valued at about $27,000. 9.23% of the stock is owned by hedge funds and other institutional investors.

Diageo Company Profile

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, 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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Analyst Recommendations for Diageo (NYSE:DEO)

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