Diageo plc (ADR)’s “Hold” Rating Reaffirmed at Canaccord Genuity (DEO)
Diageo plc (ADR) (NYSE:DEO)‘s stock had its “hold” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports.
Shares of Diageo plc (NYSE:DEO) traded up 0.65% during mid-day trading on Monday, hitting $125.82. 257,833 shares of the company’s stock traded hands. Diageo plc has a 1-year low of $111.87 and a 1-year high of $134.08. The stock has a 50-day moving average of $123.7 and a 200-day moving average of $125.8. The company has a market cap of $78.858 billion and a P/E ratio of 18.13. Diageo plc (ADR) also was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totalling 615,997 shares, a decline of 46.0% from the April 15th total of 1,141,195 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 541,857 shares, the days-to-cover ratio is currently 1.1 days.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Diageo plc (ADR) in a research note on Thursday. They now have a $130.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Diageo plc (ADR) from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. Finally, analysts at Nomura reiterated a “buy” rating on shares of Diageo plc (ADR) in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Diageo plc (ADR) has an average rating of “Hold” and an average target price of $130.00.
Diageo plc (NYSE:DEO) is engaged in drinks business.
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