Diageo (DEO) Stock Forecast & Price Target

$139.92

-0.42 (-0.30%)

(As of 10/1/2024 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 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
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)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 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	2.45	2.50
Consensus Rating	Reduce	Hold	Hold
Predicted Upside	N/A	500.11% Upside	6.86% Upside
News Sentiment Rating	Neutral 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
11/18/2022	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:17 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 Monday, September 23, 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:

Diageo plc stock price is currently at $133.39, showing potential for growth.
Diageo plc has a market cap of $74.15 billion, indicating stability and size in the market.
Diageo plc offers a semi-annual dividend with a yield of 3.2%, providing a steady income stream for investors.
Diageo plc has a diverse portfolio of alcoholic beverages, reducing risk associated with dependence on a single product.
Diageo plc has a low beta of 0.69, suggesting lower volatility compared to the market average.

Diageo
Bear Case

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

Diageo plc's stock has a 52-week high of $161.64, indicating potential limited upside from the current price.
Diageo plc's PE ratio is 18.69, which may suggest the stock is currently overvalued compared to industry peers.
Diageo plc's PEG ratio is 3.77, indicating a potentially high valuation relative to the company's expected earnings growth.
Diageo plc's debt-to-equity ratio is 1.62, which may raise concerns about the company's financial leverage.
Diageo plc's recent analyst ratings show a consensus of "Hold," indicating limited short-term growth potential.

DEO Forecast - Frequently Asked Questions

: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 2 upgrades and 1 downgrade by analysts.
: Diageo has been rated by research analysts at Bank of America, Royal Bank of Canada, and The Goldman Sachs Group 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.