Brokerage Firm Rating Update on Diageo plc (DEO)

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.

Diageo plc (DEO) : The consensus price target for Diageo plc (DEO) is $123.5 for the short term with a standard deviation of $10.61. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $131, however, the pessimist price target for the company is $116.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Goldman Sachs upgrades its rating on Diageo plc (NYSE:DEO). The shares have been rated Neutral. 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): stock was range-bound between the intraday low of $114.19 and the intraday high of $114.87 after having opened at $114.44 on Wednesdays session. The stock finally closed in the red at $114.44, a loss of -0.34%. The stock remained in the red for the whole trading day. The total traded volume was 443,732 shares. The stock failed to cross $114.87 in Wednesdays trading. The stocks closing price on Thursday was $114.78.

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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