Diageo (LON:DGE) Sets New 12-Month Low – Here’s What Happened

Diageo plc (LON:DGE) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 2,156 ($26.64) and last traded at GBX 2,170 ($26.82), with a volume of 21402947 shares changing hands. The stock had previously closed at GBX 2,196 ($27.14).

Analyst Ratings Changes

Several research analysts have recently commented 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 ($28.42) to GBX 2,920 ($36.09) in a report on Thursday, December 12th. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.60) price target for the company in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,500 ($30.89) price target on shares of Diageo in a report on Tuesday, January 7th. 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 stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold” and a consensus price target of GBX 2,876.67 ($35.55).

Diageo Stock Performance

The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The stock’s 50 day moving average price is GBX 2,442.75. The stock has a market capitalization of £48.14 billion, a PE ratio of 1,642.81, a price-to-earnings-growth 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 company’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of GBX 2,446 ($30.23) per share, for a total transaction of £8,291.94 ($10,247.08). Insiders bought 351 shares of company stock valued at $857,361 in the last ninety days. Company insiders own 0.11% of the company’s stock.

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.