Diageo (LON:DGE) Hits New 52-Week Low – Here’s Why

Diageo plc (LON:DGE)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 1,420 and last traded at GBX 1,427.50, with a volume of 61708848 shares. The stock had previously closed at GBX 1,451.

Analyst Upgrades and Downgrades

DGE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a report on Friday, November 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group reduced their target price on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,111.25.

Diageo Trading Down 1.9%

The company has a market cap of £31.65 billion, a PE ratio of 13.16, a PEG ratio of 1.75 and a beta of 0.17. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The company has a 50 day simple moving average of GBX 1,663.63 and a two-hundred day simple moving average of GBX 1,728.60.

Insider Buying and Selling

In related news, insider John Alexander Manzoni bought 432 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of GBX 1,518 per share, for a total transaction of £6,557.76. Also, insider Nik Jhangiani sold 27,786 shares of Diageo stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total transaction of £416,790. Insiders have purchased 1,222 shares of company stock worth $2,013,061 over the last ninety days. 0.16% of the stock is currently owned by 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.