Jefferies Believes Diageo (Other OTC: DGEAF) Won’t Stop Here

Jefferies analyst Constantin Hesse maintained a Buy rating on Diageo (DGEAFResearch Report) on May 12 and set a price target of £36.00. The company’s shares closed last Tuesday at $46.03, close to its 52-week high of $48.42.

Hesse has an average return of 0.1% when recommending Diageo.

According to TipRanks.com, Hesse is ranked #734 out of 7517 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Diageo with a $48.34 average price target, a 4.1% upside from current levels. In a report issued on May 12, Goldman Sachs also maintained a Buy rating on the stock with a £34.00 price target.

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The company has a one-year high of $48.42 and a one-year low of $31.40. Currently, Diageo has an average volume of 8,997.

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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.