Diageo (LON:DGE) Reaches New 12-Month Low at $2,500.00

Diageo plc (LON:DGE - Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as GBX 2,500 ($31.71) and last traded at GBX 2,500 ($31.71), with a volume of 3454471 shares changing hands. The stock had previously closed at GBX 2,553 ($32.39).

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DGE. Barclays boosted their target price on shares of Diageo from GBX 3,550 ($45.03) to GBX 3,640 ($46.18) and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Jefferies Financial Group reissued a "hold" rating and issued a GBX 2,800 ($35.52) price objective on shares of Diageo in a research report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Diageo in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Diageo currently has a consensus rating of "Hold" and an average target price of GBX 3,038 ($38.54).

Diageo Price Performance

The company has a market capitalization of £55.50 billion, a PE ratio of 1,736.11, a PEG ratio of 1.58 and a beta of 0.33. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59. The company's 50 day moving average price is GBX 2,697.42 and its 200-day moving average price is GBX 2,805.16.

Insider Activity at Diageo

In other news, insider Javier Ferrán bought 314 shares of the firm's stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of GBX 2,640 ($33.49) per share, for a total transaction of £8,289.60 ($10,515.79). In related news, insider Karen Blackett purchased 702 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average cost of GBX 2,826 ($35.85) per share, for a total transaction of £19,838.52 ($25,166.21). Also, insider Javier Ferrán acquired 314 shares of the business's stock in a transaction on Monday, June 10th. The stock was bought at an average cost of GBX 2,640 ($33.49) per share, for a total transaction of £8,289.60 ($10,515.79). Over the last 90 days, insiders have bought 1,313 shares of company stock worth $3,655,074. 0.13% of the stock is 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.