Diageo (DGEAF) was upgraded to a Buy Rating at Bernstein

In a report released today, Trevor Stirling from Bernstein upgraded Diageo (DGEAFResearch Report) to a Buy, with a price target of £42.00. The company’s shares closed last Friday at $43.36.

According to TipRanks, Stirling is ranked #1511 out of 8302 analysts.

In addition to Bernstein, Diageo also received a Buy from Investec’s Alicia Forry in a report issued on January 31. However, on February 1, Kepler Capital maintained a Hold rating on Diageo (Other OTC: DGEAF).

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Based on Diageo’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DGEAF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other. The company was founded on October 21, 1886 and is headquartered in London, the United Kingdom.

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