Diageo plc -12.3% potential downside indicated by RBC Capital Markets

Diageo plc with ticker (LON:DGE) now has a potential downside of -12.3% according to RBC Capital Markets.



RBC Capital Markets set a target price of 2,500 GBX for the company, which when compared to the Diageo plc share price of 2,852 GBX at opening today (29/12/2023) indicates a potential downside of -12.3%. Trading has ranged between 2,719 (52 week low) and 3,790 (52 week high) with an average of 3,387,346 shares exchanging hands daily. The market capitalisation at the time of writing is £63,900,858,000.

Diageo plc is a United Kingdom-based international manufacturer and distributor of drinks. The Company is engaged in beverage alcohol with a collection of brands across spirits and beer. The Company has a portfolio of approximately 200 brands and sales in 180 countries. The Company’s segments include North America, Europe, Asia Pacific, Africa, Latin America and Caribbean, and Supply Chain and Procurement (SC&P). Supply Chain and Procurement (SC&P) segment manufactures products and includes production sites in the United Kingdom, Ireland, Italy, Guatemala and Mexico, as well as comprises the global procurement function. The Company’s principal products include scotch whisky, other whisk(e)y, vodka, tequila, gin, rum, liqueurs, beer, wine, and no and low alcohol. The Company’s brands include Johnnie Walker, Tanqueray, Smirnoff, Guinness, Baileys among other.