Diageo (LON:DGE) Hits New 12-Month Low – What’s Next?

Diageo plc (LON:DGE)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,491 and last traded at GBX 1,508.50, with a volume of 44096309 shares changing hands. The stock had previously closed at GBX 1,541.50.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DGE. Deutsche Bank Aktiengesellschaft decreased their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research note on Friday, November 28th. Jefferies Financial Group cut their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,111.25.

Diageo Stock Performance

The business has a 50-day moving average price of GBX 1,682.88 and a 200-day moving average price of GBX 1,758.82. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The firm has a market capitalization of £33.54 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.75 and a beta of 0.17.

Insider Buying and Selling

In other Diageo news, insider John Alexander Manzoni purchased 365 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of GBX 1,799 per share, for a total transaction of £6,566.35. Insiders bought 1,199 shares of company stock valued at $2,012,531 in the last three months. Company insiders own 0.16% of the company’s stock.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.