Jefferies keeps Buy rating and GBp 2,200 target for Diageo stock

Published on 10/20/2026 at 18:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Diageo's next results are due on November 5, 2026. Diageo stock costs EUR 20.88 on October 20, 2026, down 0.14 percent versus the Xetra close.

Analyst target and reporting date

Jefferies kept its Buy rating and GBp 2,200 target for Diageo on October 13, 2026.
Fiscal 2026 organic net sales fell 2.00 percent while organic operating profit before exceptional items rose 2.00 percent.
Diageo stock costs EUR 20.88 at Lang & Schwarz on October 20, 2026 at 6:41 p.m. CEST, 0.14 percent below the Xetra close of EUR 20.91 on October 19, 2026.
Diageo will publish its fiscal 2027 first-quarter trading statement and hold its annual meeting on November 5, 2026.

Aquarellmalerei der Londoner Skyline mit Themse und historischen Gebäuden — Diageo plc GB0002374006 präsentiert die Londoner Skyline mit Themse in zarter Aquarell-Malerei bei sanftem Abendlicht, Illustration mit AI erstellt.

Jefferies kept its Buy rating and GBp 2,200 price target for Diageo on October 13, 2026, according to finanzen.ch. Diageo stock was trading at EUR 20.88 at Lang & Schwarz on October 20, 2026 at 6:41 p.m. CEST, down 0.14 percent versus the Xetra close of EUR 20.91 on October 19, 2026.

Fiscal 2026 showed mixed momentum

Diageo's investor-relations page lists a 2.00 percent decline in organic net sales and a 2.00 percent increase in organic operating profit before exceptional items for fiscal 2026. Basic earnings per share before exceptional items stood at 165.3 pence for the fiscal year, according to Diageo.

The full-year figures provide the operating backdrop for Jefferies' October assessment. The target of GBp 2,200 compares with a source-listed Diageo share price of GBp 1,723.00 on October 13, 2026, implying 27.68 percent upside to the target in the same currency.

What does the target imply?

The target spread leaves the analyst view materially above the quoted London price, while the euro quotation remains close to its October 19 Xetra close. The difference matters because the target is stated in pence, whereas the German trading indication is stated in euros.

November 5 brings two dates

Diageo plans to publish its fiscal 2027 first-quarter trading statement on November 5, 2026. The company also scheduled its 2026 annual general meeting for that date, with the investor-relations page listing a 9:30 a.m. UK webcast for the trading statement and a 2:30 p.m. UK meeting time.

Stock remains near the Xetra close

At Lang & Schwarz, Diageo stock was trading at EUR 20.88 on October 20, 2026 at 6:41 p.m. CEST, 0.14 percent below the Xetra close of EUR 20.91 on October 19, 2026. The next scheduled company date is November 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of Diageo stock.