Diageo (LON:DGE) Hits New 52-Week Low – Here’s What Happened

Diageo plc (LON:DGE)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,561.50 and last traded at GBX 1,567.50, with a volume of 82910766 shares. The stock had previously closed at GBX 1,609.

Wall Street Analysts Forecast Growth

DGE has been the subject of several research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reduced 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. Berenberg Bank lowered their target price on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group reduced their price target on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Diageo has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,111.25.

Diageo Stock Performance

The company has a market cap of £34.76 billion, a PE ratio of 14.79, a PEG ratio of 1.75 and a beta of 0.18. 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 company has a 50-day moving average of GBX 1,686.38 and a 200-day moving average of GBX 1,773.49.

Insider Activity

In other news, insider John Alexander Manzoni bought 365 shares of the stock in a transaction dated Tuesday, February 10th. The stock was bought at an average price of GBX 1,799 per share, for a total transaction of £6,566.35. In the last three months, insiders have acquired 1,199 shares of company stock valued at $2,012,531. Corporate 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.