Diageo (LON:DGE) Hits New 1-Year Low – What’s Next?

Diageo plc (LON:DGE) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 2,108 ($26.53) and last traded at GBX 2,118.50 ($26.66), with a volume of 16637951 shares trading hands. The stock had previously closed at GBX 2,151.50 ($27.07).

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.23) price objective on the stock in a research note on Friday, December 6th. UBS Group upgraded Diageo to a “buy” rating and lifted their price objective for the company from GBX 2,300 ($28.94) to GBX 2,920 ($36.74) in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($31.46) target price on shares of Diageo in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 2,876.67 ($36.20).

Diageo Trading Up 0.4 %

The company has a 50 day moving average of GBX 2,414.28. 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 £47.13 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán purchased 339 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of GBX 2,446 ($30.78) per share, for a total transaction of £8,291.94 ($10,434.05). In the last three months, insiders have acquired 351 shares of company stock worth $857,361. Insiders own 0.11% of the company’s stock.

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.