Diageo plc (DEO) Receives Price Target

Diageo plc (DEO) : 2 Wall Street analysts covering Diageo plc (DEO) believe that the average level the stock could reach for the short term is $123.5. The maximum price target given is $131 and the minimum target for short term is around $116, hence the standard deviation is calculated at $10.61.

Diageo plc (DEO) : 5 analysts are covering Diageo plc (DEO) and their average rating on the stock is 1.4, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Major Brokerage house, Goldman Sachs upgrades its ratings on Diageo plc (NYSE:DEO). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on June 28, 2016.

Diageo plc (NYSE:DEO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.20 and $111.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $112.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $112.73, notching a gain of 0.22% for the day. The total traded volume was 574,874 . The stock had closed at $112.48 on the previous day.

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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