Diageo plc -24.4% potential downside indicated by RBC Capital Markets

Diageo plc with ticker (LON:DGE) now has a potential downside of -24.4% according to RBC Capital Markets.



RBC Capital Markets set a target price of 2,800 GBX for the company, which when compared to the Diageo plc share price of 3,485 GBX at opening today (17/06/2022) indicates a potential downside of -24.4%. Trading has ranged between 3,283 (52 week low) and 4,110 (52 week high) with an average of 4,381,488 shares exchanging hands daily. The market capitalisation at the time of writing is £80,827,078,460.

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. The Company’s geographic segments include North America, Europe, Asia Pacific, Africa, America and Caribbean and Supply Chain and Procurement (SC&P). The Company’s principal products include Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan’s and Windsor whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness. It also produces a range of ready to drink products mainly in the United Kingdom, Italy, South Africa, Australia, the United States and Canada. The Company has approximately 200 brands, including old and new, large and small, global and local, with brands sold in approximately 180 countries.