Diageo plc with ticker (LON:DGE) now has a potential upside of 7.6% according to JP Morgan.
JP Morgan set a target price of 3,200 GBX for the company, which when compared to the Diageo plc share price of 2,975 GBX at opening today (07/02/2024) indicates a potential upside of 7.6%. Trading has ranged between 2,676 (52 week low) and 3,780 (52 week high) with an average of 3,623,974 shares exchanging hands daily. The market capitalisation at the time of writing is £66,547,970,370.
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.
Diageo plc 7.6% potential upside indicated by JP Morgan
- Written by: Charlotte Edwards
Latest Company News
Diageo reported flat organic net sales for the first quarter of fiscal 2026, with 2.9% volume growth offset by negative price mix. Strong performances in Europe, Latin America, and Africa were balanced by weaker demand for Chinese white spirits and a soft US consumer environment.
Diageo has priced €1 billion of fixed rate bonds under its European Debt Issuance Programme, split between €500 million due in 2032 with a 3.250% coupon and €500 million due in 2037 with a 3.750% coupon.
Diageo reported FY25 operating profit of $4.3bn, down 27.8%, impacted by exceptional costs and currency headwinds. Organic net sales rose 1.7%, while free cash flow increased to $2.7bn. The group raised its cost savings target to $625m and reaffirmed its outlook for mid-single-digit profit growth in FY26.
Diageo Plc's Q3 fiscal 2025 trading results showcase strong organic net sales growth and a solid outlook, highlighting effective strategies for future profitability.
Diageo Plc has announced a $1.5 billion bond offering, featuring fixed-rate notes due in 2030 and 2035, to support its corporate initiatives and growth.
Diageo Plc reports interim results with a 1% rise in organic net sales despite challenging conditions, highlighting strong regional market gains.
