Diageo Stock Up 50%, More Gains On The Way

SourceForbes
SectorFinancial Markets
CountryMiddle east

KIEV, UKRAINE - 2018/11/20: In this photo illustration, the Diageo Beverage company logo seen ... [+] displayed on a smartphone. Diageo plc is a British multinational alcoholic beverages company, with its headquarters in London, England and offices on six continents. It was the world's largest distiller until being overtaken by China's Kweichow Moutai on 9 April 2017.

Diageo's brands include Smirnoff, Johnnie Walker, Baileys and Guinness. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) LightRocket via Getty Images We believe that Diageo stock (NYSE: DEO) may be a decent opportunity at the present time. DEO stock trades at close to $155 currently and is, in fact, down 8% so far this year (from around $168 at the beginning of 2020). It traded at $162 in February 2020 – just before the coronavirus pandemic hit the world – and is currently still 4.4% below that level as well. DEO stock has recovered over 51% of its value from its March level of $103, compared to the S&P 500 which gained over 60% from its March lows. However, with the lockdowns being gradually lifted and an expected turnaround in business prospects in FY2021, DEO stock ...read more...