Rating Action: Is It Finally Time? Macquarie Starts Coverage On Diageo plc (NYSE:DEO)

November 28, 2016 - By Clifton Ray

Rating Action: Is It Finally Time? Macquarie Starts Coverage On Diageo plc (NYSE:DEO)

How Macquarie Rates Diageo plc (NYSE:DEO)

Analysts at Macquarie started coverage on shares of Diageo plc (NYSE:DEO) in an analyst note issued to clients and investors on 28 November. The broker set an Underperform rating on the $63.46 billion market cap company.

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

Out of 20 analysts covering Diageo (NYSE:DEO), 13 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 65% are positive. Diageo has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, September 16 the stock rating was reinitiated by Bank of America with “Buy”. The rating was maintained by Natixis with “Buy” on Thursday, September 24. The firm has “Overweight” rating given on Friday, November 20 by JP Morgan. Barclays Capital maintained the shares of DEO in a report on Friday, July 31 with “Overweight” rating. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, June 28. The company was maintained on Friday, July 31 by Berenberg. On Thursday, March 17 the stock rating was downgraded by Deutsche Bank to “Hold”. The firm has “Hold” rating given on Wednesday, September 23 by Shore Capital. The stock of Diageo plc (ADR) (NYSE:DEO) earned “Neutral” rating by JP Morgan on Friday, July 31. The rating was upgraded by Societe Generale to “Hold” on Monday, June 27.

About 218,231 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has declined 7.39% since April 25, 2016 and is downtrending. It has underperformed by 13.41% the S&P500.

Diageo PLC is an alcoholic beverage company. The company has a market cap of $63.46 billion. The Firm operates in various categories, including spirits and beer. It has a 22.72 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

According to Zacks Investment Research, “Diageo is an multinational branded food and drinks company. Diageo has an outstanding portfolio of world-famous food and drinks brands include Smirnoff, Johnnie Walker, J&B, Gordon’s, Malibu, Baileys, Guinness and Tanqueray.”

DEO Company Profile

Diageo PLC, incorporated on October 21, 1886, is an alcoholic beverage company. The Firm operates in various categories, including spirits and beer. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. The Company’s principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink. The Company’s brands include Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness. It owns manufacturing production facilities across the world, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages and distribution warehouses. It manages its activities from various locations, which include the United Kingdom; Ireland (Baileys); Italy (Santa Vittoria); Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa (Uganda, Kenya, Tanzania), and Africa Regional Markets (Ethiopia, Cameroon, Ghana and Seychelles).

More important recent Diageo plc (ADR) (NYSE:DEO) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Fool.com published: “Is Brand Incubation the Future for Diageo plc (ADR)?” on December 02, 2015. More interesting news about Diageo plc (ADR) (NYSE:DEO) was released by: Fool.com and their article: “Is Alcohol-Free Guinness a Smart Move for Diageo plc (ADR)?” with publication date: January 08, 2016.

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