Goldman Sachs Believes Diageo (Other OTC: DGEAF) Still Has Room to Grow

In a report issued on May 20, Olivier Nicolai from Goldman Sachs maintained a Buy rating on Diageo (DGEAFResearch Report), with a price target of £38.00. The company’s shares closed last Friday at $46.63, close to its 52-week high of $48.50.

Nicolai has an average return of 26.2% when recommending Diageo.

According to TipRanks.com, Nicolai is ranked #1831 out of 7523 analysts.

Diageo has an analyst consensus of Moderate Buy, with a price target consensus of $48.26, implying a -0.3% downside from current levels. In a report issued on May 12, Jefferies also maintained a Buy rating on the stock with a £36.00 price target.

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The company has a one-year high of $48.50 and a one-year low of $31.40. Currently, Diageo has an average volume of 9,079.

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Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other. The company was founded on October 21, 1886 and is headquartered in London, the United Kingdom.