Diageo PLC (LSE:DGE) has retained an 'Outperform' rating from RBC Capital Markets, with the broker maintaining its £20 price target as it backed chief executive Sir Dave Lewis's turnaround strategy. RBC said the plan unveiled at Diageo's August 6 Capital Markets Day was credible despite uncertainty surrounding the global spirits market.
Jefferies has held its 'buy' rating and 2,200p price target on Diageo PLC (LSE:DGE), arguing that a close reading of the Guinness-maker's latest annual report points to a genuine shift in strategy under its turnaround plan. The target implies upside of about 30% from Wednesday's opening level of 1,688p.
Diageo plc (DEO) is reiterated as a Buy, supported by ongoing cost savings, a solid balance sheet, and a promising turnaround under the new CEO. DEO's new cost-cutting plan targets $1 billion in cost savings over two years, with 40% of operational and 25% of supply chain savings expected in FY27. FY27 guidance calls for broadly flat organic net sales, with North America down mid-single digits, and FCF temporarily dipping to ~$2 billion due to restructuring costs.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 26,525 | $2.96M | $2.34M | -$628,716.81 | -21.21% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 50 | $7,282.89 | $4,403 | -$2,879.89 | -39.54% |
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 395 | $79,700.7 | $34,783.7 | -$44,917 | -56.36% |
Curtis Ellergodt Rothschild Investment LLC | 65 | $6,124.26 | $5,747.95 | -$376.31 | -6.14% |
Dodge & Cox Dodge & Cox Funds | 11,077 | $899,921.04 | $1.04M | $140,873.88 | 15.65% |
| Beverages Industry | Consumer Staples Sector | Sir David John Lewis CEO | NYSE Exchange | 25243Q205 CUSIP |
| GB Country | 27,972 Employees | 16 Oct 2026 Last Dividend | 28 Oct 1991 Last Split | - IPO Date |
Diageo plc, along with its subsidiaries, is a prominent player in the alcoholic beverages industry, specializing in the production, marketing, and sale of a diverse array of drinks. The company has established a strong global presence, operating in multiple countries including the United States, the United Kingdom, Türkiye, Australia, Korea, India, Greater China, Brazil, Mexico, South Africa, and Nigeria. Founded in 1886, Diageo is headquartered in London and has built an extensive portfolio of well-known brands and products over the years, catering to a variety of customer preferences and cultural tastes.