Diageo plc (NYSE:DEO – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 557,300 shares, a decline of 15.1% from the June 30th total of 656,600 shares. Based on an average trading volume of 644,200 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are short sold.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3,730.00.
Get Our Latest Report on Diageo
Institutional Inflows and Outflows
Diageo Stock Down 0.6 %
DEO traded down $0.83 on Monday, hitting $131.60. 756,705 shares of the company were exchanged, compared to its average volume of 736,542. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The business’s fifty day moving average is $131.58 and its 200 day moving average is $140.05. Diageo has a fifty-two week low of $124.80 and a fifty-two week high of $177.16.
About Diageo
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
Recommended Stories
- Five stocks we like better than Diageo
- What is the FTSE 100 index?
- Survey: Top 175 Fittest Retirement Locations in America
- What is the Australian Securities Exchange (ASX)
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- How to Calculate Inflation Rate
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.