Diageo (DEO) Stock Forecast & Price Target

$120.30 +0.21 (+0.17%)

(As of 11/25/2024 ET)

Diageo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 8 Analyst Ratings

Sell
3

Hold
3

Buy
2

Based on 8 Wall Street analysts who have issued ratings for Diageo in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 3 have given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for DEO.

Consensus Price Target

N/A

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DEO Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Reduce	Reduce	Reduce	Hold

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DEO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DEO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Diageo Stock vs. The Competition

Type	Diageo	Consumer Staples Companies	S&P 500
Consensus Rating Score	1.88	2.49	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	N/A	33.36% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent DEO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
9/12/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy
8/12/2024	Royal Bank of Canada 4 of 5 stars	J. Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Sector Perform
7/12/2024	The Goldman Sachs Group 2 of 5 stars	O. Nicolai Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell
7/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Hales Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
1/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
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12/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
11/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
9/15/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
9/8/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,920 ➝ GBX 2,950
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 3,850 ➝ GBX 3,800
8/2/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 4,720 ➝ GBX 4,440
7/20/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight
5/12/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/8/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 4,800 ➝ GBX 4,500
2/6/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
1/31/2023	Investec Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:42 AM ET.

Should I Buy Diageo Stock? DEO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Diageo pros and cons to contact@marketbeat.com.

Diageo
Bull Case

Here are some ways that investors could benefit from investing in Diageo plc:

Recent institutional interest has surged, with BCGM Wealth Management LLC increasing its holdings by 80.3%, indicating strong confidence in the company's future performance.
Diageo plc's stock is currently priced at $118.16, which is near its 12-month low of $117.84, potentially offering a buying opportunity for investors looking for value.
Analysts have recently upgraded Diageo's stock rating, with Bank of America moving it from "neutral" to "buy," suggesting positive market sentiment and potential for price appreciation.
The company has demonstrated resilience with a solid debt-to-equity ratio of 1.62, indicating a balanced approach to leveraging and financial stability.
Diageo plc has a diverse portfolio of alcoholic beverages, which can provide a hedge against market volatility and changing consumer preferences.

Diageo
Bear Case

Investors should be bearish about investing in Diageo plc for these reasons:

Despite recent upgrades, there are still three analysts rating the stock as a "sell," which may indicate underlying concerns about the company's performance.
The stock has experienced a decline of 1.1% recently, reflecting potential short-term volatility that could deter risk-averse investors.
Diageo's quick ratio of 0.55 suggests that the company may face challenges in meeting short-term liabilities, which could raise concerns about liquidity.
With 8.97% of the stock owned by institutional investors, there may be limited room for growth in institutional support, which can impact stock price movements.
Recent market conditions and economic uncertainties could affect consumer spending on premium alcoholic beverages, potentially impacting Diageo's sales and profitability.

DEO Forecast - Frequently Asked Questions

: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" DEO shares.
: According to analysts, Diageo's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Diageo's stock had 1 upgrade by analysts.
: Diageo has been rated by research analysts at Bank of America in the past 90 days.
: Analysts like Diageo less than other "consumer staples" companies. The consensus rating for Diageo is Reduce while the average consensus rating for "consumer staples" companies is Hold. Learn more on how DEO compares to other companies.

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This page (NYSE:DEO) was last updated on 11/26/2024 by MarketBeat.com Staff

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Diageo (DEO) Stock Forecast & Price Target