Diageo (LON:DGE) Sets New 1-Year Low – Time to Sell?

Diageo plc (LON:DGE)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 1,566.50 and last traded at GBX 1,570, with a volume of 41132750 shares changing hands. The stock had previously closed at GBX 1,644.

Analyst Ratings Changes

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

Diageo Price Performance

The firm has a 50-day simple moving average of GBX 1,699.23 and a 200-day simple moving average of GBX 1,831.34. The firm has a market capitalization of £35.06 billion, a PE ratio of 14.92, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Insider Activity

In other Diageo news, insider John Alexander Manzoni bought 410 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of GBX 1,600 per share, for a total transaction of £6,560. Insiders have purchased a total of 1,148 shares of company stock valued at $2,012,936 over the last quarter. Company insiders own 0.16% of the company’s stock.

About Diageo

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.