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

Shares of Diageo plc (LON:DGE) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 2,108 ($26.60) and last traded at GBX 2,118.50 ($26.73), with a volume of 16637951 shares changing hands. The stock had previously closed at GBX 2,151.50 ($27.14).

Analyst Ratings Changes

DGE has been the subject of a number of analyst reports. UBS Group upgraded Diageo to a “buy” rating and upped their price target for the company from GBX 2,300 ($29.02) to GBX 2,920 ($36.84) in a research report on Thursday, December 12th. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($35.33) price target for the company in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,500 ($31.54) price target on shares of Diageo in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 2,876.67 ($36.29).

Diageo Stock Down 1.3 %

The firm has a market cap of £47.16 billion, a P/E ratio of 11.90, 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. The business has a 50-day moving average of GBX 2,425.44.

Insider Buying and Selling

In related news, insider Javier Ferrán bought 339 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of GBX 2,446 ($30.86) per share, for a total transaction of £8,291.94 ($10,461.70). Over the last three months, insiders acquired 351 shares of company stock worth $857,361. Company insiders own 0.11% of the company’s stock.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.