Jefferies Maintains a Buy Rating on Diageo (DGEAF)

Jefferies analyst Ed Mundy maintained a Buy rating on Diageo (DGEAFResearch Report) on May 23 and set a price target of £38.00. The company’s shares closed last Monday at $48.41, close to its 52-week high of $48.50.

Mundy has an average return of 14.7% when recommending Diageo.

According to TipRanks.com, Mundy is ranked #1702 out of 7524 analysts.

Diageo has an analyst consensus of Moderate Buy, with a price target consensus of $48.51, which is a 1.1% 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 $48.50 and a one-year low of $31.40. Currently, Diageo has an average volume of 9,007.

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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.