Diageo (LON:DGE) Sets New 1-Year Low - What's Next?

Diageo plc (LON:DGE - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as GBX 21.84 ($0.28) and last traded at GBX 2,195.60 ($28.44), with a volume of 60864941 shares trading hands. The stock had previously closed at GBX 2,176.50 ($28.19).

Analyst Ratings Changes

Several research analysts have issued reports on DGE shares. UBS Group raised Diageo to a "buy" rating and upped their price objective for the stock from GBX 2,300 ($29.79) to GBX 2,920 ($37.82) in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 2,500 ($32.38) price target on shares of Diageo in a report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($36.27) price objective for the company in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Diageo presently has a consensus rating of "Hold" and an average target price of GBX 2,876.67 ($37.26).

Diageo Trading Down 0.8 %

The business has a 50-day moving average of GBX 2,289.89 and a 200-day moving average of GBX 2,417.96. 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 firm has a market cap of £45.85 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In related news, insider Nik Jhangiani sold 65,676 shares of Diageo stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($28.04), for a total transaction of £1,421,885.40 ($1,841,820.47). Insiders have purchased a total of 19 shares of company stock worth $43,455 in the last 90 days. Corporate insiders own 0.11% of the company's stock.

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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.