Diageo plc (NYSE:DEO) traded today at a new 52-week high of $193.24. This new high was reached on below average trading volume as 107,000 shares traded hands, while the average 30-day volume is approximately 400,000 shares.
The product of a merger between Grand Metropolitan and Guinness in 1997, Diageo is the world's leading producer of branded premium spirits. It also produces and markets beer and wine. Brands include Johnnie Walker blended scotch, Smirnoff vodka, Crown Royal Canadian whiskey, Captain Morgan rum, Baileys Irish Cream, and Guinness stout. Diageo also owns 34% of premium champagne and cognac maker Moet Hennessy, a subsidiary of French luxury-goods maker LVMH Moet Hennessy-Louis Vuitton, and a near-55% stake in India's United Spirits.
Diageo plc has overhead space with shares priced $192.66, or 16.1% below the average consensus analyst price target of $229.58.
Diageo plc share prices have moved between a 52-week high of $193.24 and a 52-week low of $127.12 and are now trading 52% above that low price at $192.66 per share.
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