Diageo : Sales expected to grow +0.4% l-f-l in FY 2023-24 with a return to growth anticipated in H2
>Outperform rating maintained with a target price increased to 3,400p - We maintain our Outperform rating on Diageo and increase our target price to 3,400p after adjustments to our DCF assumptions. The current valuation level (19x P/E NTM) offers an attractive entry point at a time when the risks have been well factored in and the group should return to growth. Indeed, despite sales growth that should come to +0.4% in FY 2023-24e, H2 2023-24e is expected to show growt...Diageo is a premium drinks business based in the United Kingdom. Co. is engaged in producing and distributing spirits, beer and wine. Co.'s operations include producing, distilling, brewing, bottling, packaging, distributing, developing and marketing of a range of brands. The brands that it produces and distributes include Smirnoff vodka, Johnnie Walker scotch whisky, Baileys Original Irish Cream liqueur, Captain Morgan rum, J&B scotch whisky, Tanqueray gin and Guinness stout. In addition, Co. also has the distribution rights for the Jose Cuervo tequila brands in North America and other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.