Jefferies Believes Diageo Plc (NYSE: DEO) Still Has Room to Grow

By Carrie Williams

Jefferies analyst Ed Mundy reiterated a Buy rating on Diageo Plc (NYSE: DEO) today and set a price target of $142.25. The company’s shares closed last Friday at $121.74, close to its 52-week high of $123.48.

According to, Mundy is a 3-star analyst with an average return of 4.3% and a 80.0% success rate. Mundy covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Boston Beer.

Diageo Plc has an analyst consensus of Moderate Buy, with a price target consensus of $142.25.

Diageo Plc’s market cap is currently $76.6B and has a P/E ratio of 24.51. The company has a book value ratio of 6.5429.

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Diageo Plc engages in the production and distribution of alcoholic beverages. It operates through the following geographical segments: North America; Europe; Africa; Latin America and Caribbean; and Asia Pacific and Corporate. Its products are offered under brands which include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It owns manufacturing production facilities, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses. The company was founded in December 1997 and is headquartered in London, the United Kingdom.