Analyst Price Target Update on Diageo plc (NYSE:DEO)

Diageo plc (NYSE:DEO): 3 analysts have set the short term price target of Diageo plc (NYSE:DEO) at $126. The standard deviation of short term price target has been estimated at $10.54, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 137 and $116 respectively.

Many analysts have stated their opinion on the company shares. Brokerage firm Deutsche Bank downgrades its rating on Diageo plc (NYSE:DEO). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on March 17, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Diageo plc (NYSE:DEO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.93 points or 1.84% at $102.7 with 1,329,129 shares getting traded. Post opening the session at $102.2, the shares hit an intraday low of $102.16 and an intraday high of $103.51 and the price was in this range throughout the day. The company has a market cap of $70,718 million and the number of outstanding shares have been calculated to be 688,586,310 shares. The 52-week high of Diageo plc (NYSE:DEO) is $122.23 and the 52-week low is $100.12.

Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses. Diageos brands are also produced at plants owned and operated by third parties and joint ventures at a number of locations around the world. Its geographical segments are North America, Europe, Africa, Latin America and Caribbean, Asia Pacific and Corporate. It offers products under various brands, including Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray, Guinness, Crown Royal, Yeni Raki, JeB, Buchanans, Bundaberg, Ypioca, Cacique, Windsor, Bells, JeB, Grand Old Parr, Shui Jing Fang, Ciroc and Bulleit Bourbon, among others.

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