The British beverage company Diageo PLC (GB:DGE) recently received two Sell ratings, signaling a potential downside from current share price levels. Over the last year, the Diageo share price has experienced a downward trend. The causes behind this decline seem multifaceted and largely linked to the weakening global economy. In the last 12 months, the stock has lost around 15% of its value in trading.
In general, analysts on TipRanks have assigned a rating of Moderate Buy to Diageo stock, with a modest upside of 18%.
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