Diageo (LON:DGE) Sets New 12-Month Low at $2,676.00

Diageo plc (LON:DGEGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 2,676 ($34.00) and last traded at GBX 2,685.50 ($34.12), with a volume of 4840462 shares trading hands. The stock had previously closed at GBX 2,700.50 ($34.31).

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DGE. Royal Bank of Canada lowered their target price on shares of Diageo from GBX 2,700 ($34.31) to GBX 2,500 ($31.77) and set an “underperform” rating on the stock in a research note on Monday, December 4th. Citigroup lowered their target price on shares of Diageo from GBX 3,600 ($45.74) to GBX 3,050 ($38.75) and set a “neutral” rating on the stock in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and an average price target of GBX 3,770 ($47.90).

View Our Latest Stock Analysis on Diageo

Diageo Trading Up 5.1 %

The company’s fifty day simple moving average is GBX 2,799.28 and its two-hundred day simple moving average is GBX 3,059.54. The company has a quick ratio of 0.62, a current ratio of 1.63 and a debt-to-equity ratio of 186.47. The company has a market capitalization of £63.82 billion, a price-to-earnings ratio of 1,740.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.33.

Insider Buying and Selling

In related news, insider Javier Ferrán acquired 289 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of GBX 2,860 ($36.34) per share, for a total transaction of £8,265.40 ($10,502.41). Insiders have purchased a total of 305 shares of company stock worth $872,152 over the last ninety days. Company insiders own 0.16% of the company’s stock.

About Diageo

(Get Free Report)

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.

Further Reading

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