Why Diageo Stock Cratered This Week
(NYSE: DEO) released its semi-annual financial update this week, and the results had investors bailing on the stock. Shares of the global alcoholic beverages company sank 10.8% this week, according to data provided by S&P Global Market Intelligence.
The results weren't what the company had previously expected, either. Now, management has lowered its guidance and cut the dividend. That sums up why investors decided to sell shares this week.
Source Fool.com
Diageo plc ADR Stock
€76.00
-0.650%
Currently there is a rather positive sentiment for Diageo plc ADR with 3 Buy predictions and 0 Sell predictions.
With a target price of 99 € there is a positive potential of 30.26% for Diageo plc ADR compared to the current price of 76.0 €.
