Diageo: UBS raises price target; shares up

(CercleFinance.com) - UBS has raised its target price for the Diageo share from 3,100 pence to 3,300 pence, maintaining its "buy" rating on the shares of the British alcoholic drinks maker.


In a note to clients, the broker said the company offers "the perfect blend" in terms of volume, price/mix and margins.

"Diageo is delivering one of the best quality growth algorithms in Staples which we believe warrants a premium valuation," UBS said.

The London-listed shares were up 1% at 2,952 pence on Tuesday. They have risen by almost 20% over the last 12 months.

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