Jefferies keeps GBp 2,200 target for Diageo stock

Published on 10/17/2026 at 19:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 organic sales fell 2.00 percent. Diageo stock last stood at GBp 1,790 on October 16, 2026, up 1.94 percent versus GBp 1,756.

Investor dates and valuation

Jefferies kept a GBp 2,200 target and Buy rating on October 13, 2026.
Fiscal 2026 organic sales fell 2.00 percent, while operating profit rose 2.00 percent.
Diageo stock last stood at GBp 1,790 on October 16, 2026 at 5:00 p.m. London time, up 1.94 percent versus GBp 1,756.
Diageo will publish its Fiscal 2027 first-quarter trading statement on November 5, 2026.

Isometrische 3D-Grafik der Getränke-Wertschöpfungskette von Feld bis Abfüllung — Diageo plc GB0002374006 visualisiert isometrisch die Wertschöpfungskette vom Getreidefeld über Destillation bis zur fertigen Abfüllung, Illustration mit AI erstellt.

Jefferies kept its Buy rating and a GBp 2,200 price target for Diageo on October 13, 2026, according to FinanzNachrichten. The target stood 22.91 percent above the last LSE price of GBp 1,790. Diageo was last at GBp 1,790 on October 16, 2026 at 5:00 p.m. London time, up 1.94 percent from GBp 1,756.

Fiscal 2026 results set the baseline

Diageo's latest annual figures show a mixed operating picture. Fiscal 2026 organic net sales fell 2.00 percent, while organic operating profit before exceptional items rose 2.00 percent to USD 3.16 billion. The figures come from the company's investor-relations materials at Diageo. Basic earnings per share before exceptional items were 165.3 pence in fiscal 2026.

Valuation and upcoming dates

The LSE listing carried a market capitalization of GBP 39.8 billion, a trailing price-to-earnings ratio of 30.58 and a dividend yield of 2.00 percent on October 16, 2026. Those figures frame the analyst target without turning it into a forecast. The scheduled corporate calendar provides the next near-term checkpoint: Diageo will publish its Fiscal 2027 first-quarter trading statement and hold its annual general meeting on November 5, 2026, according to Diageo. The AGM arrangements were also confirmed in a September 30, 2026 notice from Diageo.

Comparison with peers

Diageo: plus 1.94 percent, P/E 30.58, market capitalization GBP 39.8 billion

Pernod Ricard (NYSE, USD): plus 2.98 percent, P/E 14.30, market capitalization USD 19.2 billion

FTSE 100 (London Stock Exchange, points): plus 0.38 percent, index level 10,881.90

Investor view

The contrast is clear: Diageo's annual sales declined, yet operating profit improved and the next scheduled report is close. The GBp 2,200 target gives the market a dated valuation reference, while the October 16 price supplies the latest completed London session.

Market context: Market report FTSE 100.

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