Notable Mover: Could Diageo plc (ADR) Recover After Today’s Huge Decline?

Notable Mover: Could Diageo plc (ADR) Recover After Today's Huge Decline?

The stock of Diageo plc (ADR) (NYSE:DEO) is a huge mover today! About 291,102 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has risen 1.56% since March 11, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.
The move comes after 6 months negative chart setup for the $67.25B company. It was reported on Oct, 14 by We have $102.34 PT which if reached, will make NYSE:DEO worth $4.04B less.

Diageo plc (ADR) (NYSE:DEO) Ratings Coverage

Out of 20 analysts covering Diageo (NYSE:DEO), 12 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 60% are positive. Diageo has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, November 20 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of Diageo plc (ADR) (NYSE:DEO) has “Outperform” rating given on Friday, September 11 by BNP Paribas. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank. Societe Generale upgraded Diageo plc (ADR) (NYSE:DEO) on Monday, June 27 to “Hold” rating. The company was maintained on Friday, July 31 by Barclays Capital. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, October 29 report. The rating was maintained by Nomura with “Buy” on Friday, July 31. The firm has “Neutral” rating by Credit Suisse given on Friday, July 31. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, July 21 report. The firm earned “Hold” rating on Monday, October 3 by Liberum Capital.

According to Zacks Investment Research, “Diageo is an multinational branded food and drinks company. Diageo has an outstanding portfolio of world-famous food and drinks brands include Smirnoff, Johnnie Walker, J&B, Gordon’s, Malibu, Baileys, Guinness and Tanqueray.”

More important recent Diageo plc (ADR) (NYSE:DEO) news were published by: which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also published article titled: “/quotes/zigman/3870025/realtime”, published: “Is Brand Incubation the Future for Diageo plc (ADR)?” on December 02, 2015. More interesting news about Diageo plc (ADR) (NYSE:DEO) was released by: and their article: “Is Alcohol-Free Guinness a Smart Move for Diageo plc (ADR)?” with publication date: January 08, 2016.

DEO Company Profile

Diageo PLC, incorporated on October 21, 1886, is an alcoholic beverage company. The Firm operates in various categories, including spirits and beer. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. The Company’s principal products includes 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. The Company’s brands include Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness. It owns manufacturing production facilities across the world, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages and distribution warehouses. It manages its activities from various locations, which include the United Kingdom; Ireland (Baileys); Italy (Santa Vittoria); Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa (Uganda, Kenya, Tanzania), and Africa Regional Markets (Ethiopia, Cameroon, Ghana and Seychelles).

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