Stock of the Day: Does Diageo plc (ADR) Have Any Gas After Achieving Yearly Low?

Stock of the Day: Does Diageo plc (ADR) Have Any Gas After Achieving Yearly Low?

The stock of Diageo plc (ADR) (NYSE:DEO) hit a new 52-week low and has $90.89 target or 9.00% below today’s $99.88 share price. The 8 months bearish chart indicates high risk for the $61.51B company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $90.89 price target is reached, the company will be worth $5.54B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 706,229 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has declined 6.86% since April 12, 2016 and is downtrending. It has underperformed by 11.85% the S&P500.

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

Out of 20 analysts covering Diageo (NYSE:DEO), 13 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 65% are positive. Diageo has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Natixis on Thursday, September 24 with “Buy”. JP Morgan maintained the shares of DEO in a report on Friday, July 31 with “Neutral” rating. The stock of Diageo plc (ADR) (NYSE:DEO) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21. The firm earned “Sell” rating on Wednesday, September 23 by Goldman Sachs. The stock has “Hold” rating given by Kepler Cheuvreux on Friday, July 31. The company was maintained on Friday, July 31 by Credit Suisse. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 31 report. The rating was maintained by Beaufort Securities on Thursday, September 24 with “Buy”. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, March 17 report. The firm has “Buy” rating given on Thursday, October 1 by UBS.

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: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Fool.com 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: Fool.com 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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