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

Diageo plc (LON:DGE - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 2,108 ($26.63) and last traded at GBX 2,118.50 ($26.77), with a volume of 16637951 shares. The stock had previously closed at GBX 2,151.50 ($27.18).

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($35.38) price target on the stock in a report on Friday, December 6th. UBS Group raised shares of Diageo to a "buy" rating and lifted their price target for the stock from GBX 2,300 ($29.06) to GBX 2,920 ($36.89) in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 2,500 ($31.59) price target on shares of Diageo in a 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, the company has an average rating of "Hold" and a consensus price target of GBX 2,876.67 ($36.34).

Diageo Stock Up 3.1 %

The stock has a market capitalization of £48.62 billion, a PE ratio of 12.27, a price-to-earnings-growth 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's fifty day moving average price is GBX 2,400.62 and its two-hundred day moving average price is GBX 2,446.81.

Insider Activity

In related news, insider Javier Ferrán acquired 339 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average cost of GBX 2,446 ($30.90) per share, with a total value of £8,291.94 ($10,476.23). Insiders have purchased 351 shares of company stock valued at $857,361 over the last ninety days. 0.11% of the stock is currently owned by insiders.

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.