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

Shares of Diageo plc (LON:DGE - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as GBX 2,156 ($27.14) and last traded at GBX 2,170 ($27.31), with a volume of 21402947 shares. The stock had previously closed at GBX 2,196 ($27.64).

Wall Street Analysts Forecast Growth

DGE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 2,500 ($31.47) price target on shares of Diageo in a research note on Tuesday, January 7th. UBS Group upgraded Diageo to a "buy" rating and boosted their price target for the stock from GBX 2,300 ($28.95) to GBX 2,920 ($36.75) in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($35.24) price target on the stock in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 2,876.67 ($36.21).

Diageo Price Performance

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 stock has a market cap of £47.63 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.75 and a beta of 0.36. The stock has a fifty day moving average of GBX 2,431.10 and a 200 day moving average of GBX 2,460.39.

Insider Buying and Selling

In related news, insider Javier Ferrán purchased 339 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of GBX 2,446 ($30.79) per share, with a total value of £8,291.94 ($10,436.68). Insiders bought 351 shares of company stock valued at $857,361 over the last quarter. 0.11% of the stock is currently owned by company 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.