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

Diageo plc (LON:DGE)’s share price hit a new 52-week low 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. The stock had previously closed at GBX 2,196 ($27.14).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DGE. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,500 ($30.89) target price on shares of Diageo in a report on Tuesday, January 7th. UBS Group raised shares of Diageo to a “buy” rating and upped their target price for the stock from GBX 2,300 ($28.42) to GBX 2,920 ($36.09) in a report on Thursday, December 12th. Finally, Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.60) target price for the company in a report on Friday, December 6th. 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 MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 2,876.67 ($35.55).

Diageo Stock Performance

The company’s fifty day moving average price is GBX 2,442.75. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The company has a market capitalization of £48.14 billion, a price-to-earnings ratio of 1,642.81, a P/E/G ratio of 1.75 and a beta of 0.36.

Insider Activity

In other Diageo news, insider Javier Ferrán bought 339 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average cost of GBX 2,446 ($30.23) per share, for a total transaction of £8,291.94 ($10,247.08). In the last three months, insiders have acquired 351 shares of company stock worth $857,361. 0.11% of the stock is currently owned by corporate insiders.

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.