Diageo has been given a 'Sell' rating by UBS, with a target price of 2300 pence. The concerns over weak sales in India pose short-term risks for the liquor producer, as highlighted by analyst Sanjeet Aujla in a report published on October 24, 2024.
Despite these challenges, Diageo's management remains optimistic about achieving double-digit percentage growth in the next two quarters. The stock has shown resilience in trading updates, with recent prices reflecting a slight increase. As of October 16, 2024, the shares were reported at $33.46, marking a 2.89% rise.
Various trading platforms, including Tradegate and Nasdaq OTC, have also recorded positive movements in Diageo's stock, indicating a mixed but cautiously optimistic market sentiment surrounding the company.