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

Diageo plc (LON:DGE - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 2,156 ($27.12) and last traded at GBX 2,170 ($27.30), with a volume of 21402947 shares changing hands. The stock had previously closed at GBX 2,196 ($27.63).

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DGE shares. Jefferies Financial Group raised Diageo to a "buy" rating and set a GBX 2,800 ($35.22) price objective for the company in a research report on Friday, December 6th. UBS Group upgraded Diageo to a "buy" rating and increased their price target for the stock from GBX 2,300 ($28.93) to GBX 2,920 ($36.73) in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 2,500 ($31.45) price objective on shares of Diageo in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Diageo presently has an average rating of "Hold" and a consensus target price of GBX 2,876.67 ($36.19).

Diageo Price Performance

The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm's fifty day moving average is GBX 2,425.44. The stock has a market cap of £47.76 billion, a PE ratio of 12.05, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In other Diageo news, insider Javier Ferrán purchased 339 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average price of GBX 2,446 ($30.77) per share, with a total value of £8,291.94 ($10,431.43). In the last 90 days, insiders acquired 351 shares of company stock valued at $857,361. 0.11% of the stock is 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.