Diageo (DGE)

- Rising lows since Aug 2015
- MACD made a bullish cross
- RSI broke out above falling highs
- Momentum still negative
- Volume pulling back having made 10-month highs
- DGE currently has a dividend yield of 3.1%
Broker Consensus: 58% Buy, 32% Hold, 10% Sell
Bullish: Berenberg, Buy, Target 2350p, +28% (21 Jun)
Average Target: 2054p, +12% (24 June)
Bearish: Canaccord Genuity, Sell, Target 1660p, -9% (28 Jan)
N.B. All pricing and consensus data was sourced from Bloomberg on 24 June. Brokers are sure to update their recommendations in light of the current situation. Please contact us for a full, up to date rundown.
