Diageo (LON:DGE) Reaches New 12-Month Low – Here’s What Happened
by Jessica Moore · The Cerbat GemDiageo plc (LON:DGE – Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 1,566.50 and last traded at GBX 1,570, with a volume of 41132750 shares. The stock had previously closed at GBX 1,644.
Analyst Ratings Changes
A number of equities analysts recently commented on DGE shares. Citigroup decreased their price objective on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research note on Monday, October 20th. JPMorgan Chase & Co. reduced their target price on Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a report on Wednesday, November 26th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,250 target price on shares of Diageo in a research report on Friday, October 31st. Royal Bank Of Canada raised Diageo to an “outperform” rating and set a GBX 2,000 price target on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on 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. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,148.75.
Check Out Our Latest Stock Report on Diageo
Diageo Trading Up 2.3%
The company has a fifty day simple moving average of GBX 1,693.03 and a two-hundred day simple moving average of GBX 1,827.98. The company has a market capitalization of £36.45 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.
Insider Transactions at Diageo
In other Diageo news, insider John Alexander Manzoni purchased 410 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of GBX 1,600 per share, for a total transaction of £6,560. Over the last quarter, insiders purchased 782 shares of company stock valued at $1,342,074. Company insiders own 0.16% of the company’s stock.
About Diageo
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.