Diageo (LON:DGE) Sets New 52-Week Low – Here’s What Happened

Diageo plc (LON:DGE)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 25.67 ($0.33) and last traded at GBX 25.67 ($0.33), with a volume of 6677240 shares. The stock had previously closed at GBX 2,600 ($32.99).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DGE shares. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 3,200 ($40.60) target price on shares of Diageo in a research report on Thursday, August 22nd. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.52) price objective for the company in a report on Friday, December 6th. Finally, UBS Group raised Diageo to a “buy” rating and raised their target price for the stock from GBX 2,300 ($29.18) to GBX 2,920 ($37.05) in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,993.33 ($37.98).

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 firm has a 50 day moving average price of GBX 2,474.10. The stock has a market capitalization of £569.79 million, a price-to-earnings ratio of 1,969.70, a PEG ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán purchased 324 shares of Diageo stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of GBX 2,531 ($32.11) per share, for a total transaction of £8,200.44 ($10,404.01). Over the last three months, insiders have acquired 1,015 shares of company stock valued at $2,476,438. 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.