Diageo (LON:DGE) Hits New 1-Year Low – Time to Sell?

Diageo plc (LON:DGE) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,350 and last traded at GBX 1,383, with a volume of 613191438 shares changing hands. The stock had previously closed at GBX 1,399.02.

Analysts Set New Price Targets

A number of analysts have weighed in on DGE shares. Jefferies Financial Group decreased their price target on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, March 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,111.25.

Diageo Stock Performance

The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The firm has a market capitalization of £30.75 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.17. The company’s 50 day moving average is GBX 1,646.09 and its 200-day moving average is GBX 1,710.68.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni acquired 432 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of GBX 1,518 per share, with a total value of £6,557.76. Also, insider Nik Jhangiani sold 27,786 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £416,790. Insiders have bought a total of 1,222 shares of company stock worth $2,013,061 in the last three months. Insiders own 0.16% of the company’s stock.

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.