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

Diageo plc (LON:DGE) shares hit a new 52-week low on Monday . The company traded as low as GBX 21.84 ($0.28) and last traded at GBX 2,195.60 ($28.38), with a volume of 60864941 shares changing hands. The stock had previously closed at GBX 2,176.50 ($28.13).

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group raised shares of Diageo to a “buy” rating and lifted their price target for the company from GBX 2,300 ($29.73) to GBX 2,920 ($37.75) in a research note on Thursday, December 12th. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($36.19) price objective on the stock in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($32.32) price objective on shares of Diageo in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.19).

Diageo Trading Up 0.3 %

The firm has a market capitalization of £48.46 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The stock has a fifty day moving average price of GBX 2,322.84. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Insider Activity

In other news, insider Javier Ferrán acquired 339 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of GBX 2,446 ($31.62) per share, for a total transaction of £8,291.94 ($10,718.64). Also, insider Nik Jhangiani sold 65,676 shares of Diageo stock in a transaction on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.99), for a total transaction of £1,421,885.40 ($1,838,011.12). Insiders acquired 358 shares of company stock worth $872,649 over the last three months. 0.11% of the stock is currently owned by corporate 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.