Diageo's shares rebound with a 3.6% rise in early trading, analysts upgrade ratings

Shares in Diageo, the powerhouse behind Guinness, Baileys and Johnnie Walker, are making a recovery after hitting a historic low last month. The London-based group, which also has a listing on the New York Stock Exchange, saw its shares climb to 2,581p in early trading today, marking an increase of 3.6 per cent.

This is a significant rise from the 2,341p at which Diageo's shares were trading on 4 December and the all-time low of 2,306p on 6 November. However, despite the recent uptick, Diageo's shares are still down from the 2,819p they were valued at on 2 January and the 3,027p peak in 2024, as reported by City AM.

The recent surge in Diageo's share price follows an upgrade by UBS analysts, who raised the FTSE 100 member two levels in a note published on Wednesday, 11 December. In their report, UBS analysts noted that Diageo's US