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

Diageo plc (LON:DGE)’s stock price reached a new 52-week low 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.

Analyst Ratings Changes

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

Diageo Stock Up 0.9%

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 £34.11 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.18. The business has a 50-day moving average price of GBX 1,685.23 and a 200-day moving average price of GBX 1,768.73.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni purchased 365 shares of Diageo stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average price of GBX 1,799 per share, for a total transaction of £6,566.35. In the last three months, insiders acquired 1,199 shares of company stock valued at $2,012,531. 0.16% of the stock is owned by corporate insiders.

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.