Shares of Diageo (LSE:DGE) have experienced some recent fluctuations, capturing the interest of investors monitoring its performance after months of mixed returns. This year, Diageo’s share price declined by nearly 30%, with a slight recovery only partially offsetting the sharp drops earlier in 2024.
The 1-year total shareholder return stands at -18.8%, indicating subdued momentum as investors assess combined growth challenges and emerging risks.
Despite the share price trading significantly below analyst target prices, with the current value at £17.98 compared to a consensus fair value of £23.48, the question remains if Diageo is undervalued or if the market already prices in its prospects, limiting potential upside.
Diageo is increasingly emphasizing premiumization and expanding into new categories, especially
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Diageo faces a complex outlook with significant share price declines, but its focus on premium categories may offer long-term growth opportunities amid evolving market dynamics.