Following the crowd on cannabis infused drinks. Problem is they’re not growing, free cash flow is falling. Going to have to cut costs. Slowdown in North America and Europe, and now Asia is not booming. Difficult to understand how they’re going to infuse alcohol with cannabis.
It was a great company when it went through their acquisition phase. However, about three years ago they ran out of big companies to buy. Now they have to decide if they going into other beverage markets or decide to cut costs to grow earnings. It still looks too expensive and he would stay away.
Diageo PLC is a American stock, trading under the symbol DEO-N on the New York Stock Exchange (DEO). It is usually referred to as NYSE:DEO or DEO-N
In the last year, 3 stock analysts published opinions about DEO-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Diageo PLC.
Diageo PLC was recommended as a Top Pick by on . Read the latest stock experts ratings for Diageo PLC.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Diageo PLC In the last year. It is a trending stock that is worth watching.
On 2023-03-24, Diageo PLC (DEO-N) stock closed at a price of $179.15.