Diageo (NYSE:DEO) was downgraded by equities researchers at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday.
A number of other research firms have also recently weighed in on DEO. Jefferies Group set a $157.00 target price on shares of Diageo and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research note on Monday, January 22nd. Finally, Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $156.25.
Diageo (DEO) traded down $2.99 on Monday, reaching $142.03. 176,261 shares of the company’s stock were exchanged, compared to its average volume of 417,009. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31. Diageo has a 52-week low of $110.59 and a 52-week high of $147.62.
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Diageo Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.