Diageo (LON:DGE) Sets New 52-Week Low - Time to Sell?

Shares of Diageo plc (LON:DGE - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 2,046 ($26.42) and last traded at GBX 2,047.50 ($26.44), with a volume of 51615719 shares trading hands. The stock had previously closed at GBX 2,080 ($26.86).

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised Diageo to a "buy" rating and set a GBX 2,800 ($36.15) price target for the company in a report on Friday, December 6th. UBS Group upgraded Diageo to a "buy" rating and increased their price objective for the company from GBX 2,300 ($29.70) to GBX 2,920 ($37.70) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 2,500 ($32.28) price objective on shares of Diageo in a research report on Tuesday, January 7th. One research 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's stock. Based on data from MarketBeat, Diageo currently has an average rating of "Hold" and an average price target of GBX 2,876.67 ($37.14).

Diageo Trading Down 0.6 %

The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The firm has a market capitalization of £45.83 billion, a P/E ratio of 11.56, a PEG ratio of 1.75 and a beta of 0.36. The firm has a 50 day moving average of GBX 2,237.81 and a 200-day moving average of GBX 2,398.93.

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Diageo Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 20.75 ($0.27) per share. The ex-dividend date is Thursday, March 20th. This is an increase from Diageo's previous dividend of $0.63. This represents a dividend yield of 3.66%. Diageo's dividend payout ratio is 44.25%.

Insider Buying and Selling

In other Diageo news, insider Nik Jhangiani sold 65,676 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.95), for a total transaction of £1,421,885.40 ($1,835,875.27). Insiders have acquired a total of 19 shares of company stock valued at $43,455 over the last 90 days. 0.11% of the stock is owned by insiders.

Diageo Company Profile

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.