Shares of Diageo plc (NYSE:DEO) traded today at $193.70, eclipsing its 52-week high. Approximately 187,000 shares have changed hands today, as compared to an average 30-day volume of 404,000 shares.
In the past 52 weeks, shares of Diageo plc have traded between a low of $127.12 and a high of $193.70 and is now at $193.30, which is 52% above that low price.
There is potential upside of 19.1% for shares of Diageo plc based on a current price of $193.30 and an average consensus analyst price target of $230.18.
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.
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