Diageo (LON:DGE) Reaches New 1-Year Low – Here’s Why

Diageo plc (LON:DGE)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 1,587 and last traded at GBX 1,589, with a volume of 21229205 shares. The stock had previously closed at GBX 1,589.50.

Analysts Set New Price Targets

Several research firms recently weighed in on DGE. Berenberg Bank decreased their target price on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research note on Thursday, November 6th. UBS Group reiterated a “buy” rating and issued a GBX 2,250 price target on shares of Diageo in a research note on Friday, October 31st. Citigroup reduced their price objective on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a report on Friday, November 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,300 target price on shares of Diageo in a research report on Friday, November 7th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,198.75.

Diageo Stock Down 0.2%

The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The business has a 50 day moving average of GBX 1,722.99 and a 200-day moving average of GBX 1,843.50. The stock has a market cap of £35.29 billion, a PE ratio of 15.01, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni purchased 410 shares of Diageo stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price of GBX 1,600 per share, for a total transaction of £6,560. Over the last 90 days, insiders have acquired 1,148 shares of company stock valued at $2,012,936. 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.