MARKET TALK: Nomura Raises Diageo Price Target

24th Jun 2010 13:39

1239 GMT [Dow Jones] Nomura raises Diageo (DGE.LN) price target to 1530p from 1500p as it takes a look at the beverages sector. Brokerage continues to be optimistic about a return to medium-term growth rates for the spirits industry EBIT from FY'11 and says this means around 7% per annum for Diageo. Has a neutral stance on the beverages sector and says the relative valuation looks good value compared with other consumer sectors. Keeps Diageo at buy. Shares -0.4% at 1084p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 24, 2010 08:39 ET (12:39 GMT)

Top Risers

Share	Price	Change
Kazera Global (KZG)	1.20	41.18%
Itm Power (ITM)	131.50	40.12%
Ensilica (ENSI)	67.00	29.52%
Light Science Technologies (LST)	1.70	23.64%
Xeros Tech (XSG)	1.40	21.74%

Top Fallers

Share	Price	Change
Digital 9 (DGI9)	4.50	-34.59%
Quantum Helium (QHE)	0.0305	-24.2%
Abrdn Property (API)	1.80	-14.29%
Petro Matad (MATD)	1.275	-13.79%
Seeen (SEEN)	3.50	-12.5%

Top By Volume

Share	Price	Volume
Quantum Helium (QHE)	0.0305	2,764,729,885
Ethernity Net (ENET)	0.0027	668,777,929
Buccaneer Ergy (BUCE)	0.0085	621,773,821
Caledonian Hold (CHP)	0.0041	561,462,002
Tower Resources (TRP)	0.025	445,349,127

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.