Is Buying Diageo plc (ADR) (DEO) Here a Winning Strategy?

November 21, 2017 - By Louis Casey

The stock of Diageo plc (ADR) (NYSE:DEO) hit a new 52-week high and has $142.14 target or 3.00 % above today’s $138.00 share price. The 8 months bullish chart indicates low risk for the $86.11 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $142.14 price target is reached, the company will be worth $2.58 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 89,693 shares traded. Diageo plc (ADR) (NYSE:DEO) has risen 12.82% since November 21, 2016 and is uptrending. It has underperformed by 3.88% the S&P500.

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

Among 25 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 6 Hold. Therefore 64% are positive. Diageo has $155.4 highest and $108.63 lowest target. $138.68’s average target is 0.49% above currents $138 stock price. Diageo had 40 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Neutral” rating in Friday, July 31 report. The stock has “Neutral” rating by JP Morgan on Friday, July 31. The firm earned “Buy” rating on Wednesday, October 26 by HSBC. The firm earned “Neutral” rating on Thursday, May 25 by Citigroup. Beaufort Securities maintained the shares of DEO in report on Thursday, September 24 with “Buy” rating. Goldman Sachs downgraded the shares of DEO in report on Friday, March 31 to “Sell” rating. The firm has “Hold” rating by HSBC given on Friday, October 16. Macquarie Research initiated the shares of DEO in report on Monday, November 28 with “Underperform” rating. The firm has “Overweight” rating by Barclays Capital given on Friday, July 31. The firm earned “Outperform” rating on Thursday, October 29 by Credit Suisse.

Diageo PLC is an alcoholic beverage company. The company has market cap of $86.11 billion. The Firm operates in various categories, including spirits and beer. It has a 24.21 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

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