Diageo (LON:DGE) Reaches New 52-Week Low – Time to Sell?

by · The Cerbat Gem

Diageo plc (LON:DGE – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,587 and last traded at GBX 1,606.50, with a volume of 91049922 shares. The stock had previously closed at GBX 1,617.

Analyst Ratings Changes

DGE has been the topic of a number of recent research reports. Citigroup dropped their target price on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a report on Monday, October 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 price objective on shares of Diageo in a research note on Friday, November 7th. UBS Group reaffirmed a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a report on Friday, November 28th. Finally, Berenberg Bank dropped their price target on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,198.75.

View Our Latest Analysis on DGE

Diageo Trading Up 0.3%

The stock has a market capitalization of £35.43 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The firm has a 50-day moving average price of GBX 1,736.71 and a 200-day moving average price of GBX 1,852.60. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Insider Transactions at Diageo

In related news, insider John Alexander Manzoni acquired 410 shares of the stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of GBX 1,600 per share, with a total value of £6,560. Insiders have bought a total of 1,148 shares of company stock worth $2,012,936 in the last three months. Company insiders own 0.16% of the company’s stock.

About Diageo

(Get Free Report)

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.

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