Analyst Rating Update on Diageo plc (DEO)

Diageo plc (NYSE:DEO) : The consensus on Diageo plc (NYSE:DEO) based on 6 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Diageo plc (NYSE:DEO) : The highest level Diageo plc (NYSE:DEO) is projected to reach is $137 for the short term and the lowest estimate is at $116. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $126 and the possibility the share price can swing is $10.54.

For the current week, the company shares have a recommendation consensus of Buy.

Diageo plc (NYSE:DEO): stock turned positive on Tuesday. Though the stock opened at $106.14, the bulls momentum made the stock top out at $106.15 level for the day. The stock recorded a low of $104.4 and closed the trading day at $105.9, in the green by 2.20%. The total traded volume for the day was 1,463,761. The stock had closed at $103.62 in the previous days trading.

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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