Diageo (LON:DGE) Hits New 12-Month Low – What’s Next?

Diageo plc (LON:DGE)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,491 and last traded at GBX 1,508.50, with a volume of 44096309 shares changing hands. The stock had previously closed at GBX 1,541.50.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a research note on Friday, November 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a report on Wednesday, March 4th. Jefferies Financial Group lowered their price objective on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Diageo has a consensus rating of “Moderate Buy” and an average target price of GBX 2,111.25.

Diageo Stock Performance

The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The stock has a market capitalization of £33.54 billion, a PE ratio of 13.94, a PEG ratio of 1.75 and a beta of 0.17. The firm has a 50 day moving average price of GBX 1,682.88 and a 200-day moving average price of GBX 1,758.82.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni purchased 410 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of GBX 1,600 per share, for a total transaction of £6,560. In the last 90 days, insiders have purchased 1,199 shares of company stock valued at $2,012,531. 0.16% of the stock is currently owned by corporate insiders.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.