- Diageo (DEO, Financial) initiates a strategic equity swap, boosting its global portfolio.
- Wall Street's optimistic outlook with a potential 23.44% upside.
- GuruFocus values Diageo at an impressive 84.54% potential gain.
Diageo (DEO) has strategically maneuvered its portfolio by executing an equity swap, exchanging its majority stake in Ciroc North America for a controlling interest in Lobos 1707 worldwide. This bold move reflects Diageo's commitment to revitalizing its lineup amidst downward sales trends and ongoing legal challenges. Notably, Diageo continues to hold the international rights to Ciroc, appointing Nick Tran as the brand's new leader.
Wall Street Analysts Forecast
According to six analysts' one-year price targets, Diageo PLC (DEO, Financial) holds an average target price of $125.33, with estimates ranging from a high of $144.00 to a low of $100.00. This projection suggests a potential upside of 23.44% from the current stock price of $101.53. Investors can delve into more detailed estimate data on the Diageo PLC (DEO) Forecast page.
Furthermore, consensus from eight brokerage firms classifies Diageo PLC's (DEO, Financial) average recommendation as 2.5, signifying an "Outperform" status. The rating scale spans from 1 to 5, with 1 representing Strong Buy and 5 indicating a Sell.
GF Value Estimates
GuruFocus estimates a robust GF Value for Diageo PLC (DEO, Financial) in the upcoming year at $187.36. This presents a remarkable potential upside of 84.54% from the current price of $101.53. The GF Value is GuruFocus' fair value assessment based on the stock's historical trading multiples, its business growth history, and anticipated future performance. For further insight, visit the Diageo PLC (DEO) Summary page.
