Diageo plc 19.9% potential upside indicated by Citigroup

Diageo plc with ticker (LON:DGE) now has a potential upside of 19.9% according to Citigroup.

DGE.L

Citigroup set a target price of 3,000 GBX for the company, which when compared to the Diageo plc share price of 2,503 GBX at opening today (16/07/2024) indicates a potential upside of 19.9%. Trading has ranged between 2,452 (52 week low) and 3,509 (52 week high) with an average of 3,722,537 shares exchanging hands daily. The market capitalisation at the time of writing is £54,588,465,248.

Diageo plc is a United Kingdom-based international manufacturer and distributor of premium drinks. The Company also owns various investments in associates and joint ventures. The Company has a portfolio of approximately 200 brands and sales in 180 countries. The Company’s segments include North America, Europe, Asia Pacific, Latin America and Caribbean, Africa, Supply Chain and Procurement (SC&P), and Corporate and other. 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. 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 others.