Goldman Sachs Upgrades Diageo plc (ADR) to Neutral

Brokerage firm Goldman Sachs Upgrades its rating on Diageo plc (ADR)(NYSE:DEO). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Goldman Sachs was issued on Jun 28, 2016.

In a different note, On Jun 27, 2016, SocGen said it Upgrades its rating on Diageo plc (ADR). The shares have been rated ‘Hold’ by the firm.

Diageo plc (ADR) (DEO) made into the market gainers list on Fridays trading session with the shares advancing 0.74% or 0.83 points. Due to strong positive momentum, the stock ended at $113.71, which is also near the day’s high of $113.82. The stock began the session at $113.49 and the volume stood at 9,71,473 shares. The 52-week high of the shares is $122.2099 and the 52 week low is $99.59. The company has a current market capitalization of $78,299 M and it has 68,85,86,310 shares in outstanding.

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. Diageo’s 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 Buchanan’s Bundaberg Ypioca Cacique Windsor Bell’s JeB Grand Old Parr Shui Jing Fang Ciroc and Bulleit Bourbon among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *