Diageo plc 14.5% potential upside indicated by Jefferies

Diageo plc with ticker (LON:DGE) now has a potential upside of 14.5% according to Jefferies.

DGE.L

Jefferies set a target price of 2,800 GBX for the company, which when compared to the Diageo plc share price of 2,445 GBX at opening today (11/12/2024) indicates a potential upside of 14.5%. Trading has ranged between 2,275 (52 week low) and 3,056 (52 week high) with an average of 3,810,552 shares exchanging hands daily. The market capitalisation at the time of writing is £55,017,505,230.

Diageo plc is a United Kingdom-based international manufacturer and distributor of premium drinks. It also owns various investments in associates and joint ventures. The Company has a portfolio of approximately 200 brands and sales in 180 countries. Its segments include North America, Europe, Asia Pacific, Latin America and Caribbean, Africa, Supply Chain and Procurement (SC&P), and Corporate and other. The C&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. Its principal products include scotch whisky, other whisk(e)y, vodka, tequila, gin, rum, liqueurs, beer, wine, and no and low alcohol. The Company’s collection of brands includes Johnnie Walker, Crown Royal, J&B and Buchanan’s whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, and Tanqueray, among others. It also offers Ritual Zero Proof Non-Alcoholic Spirits (Ritual).