Diageo (LON:DGE) Reaches New 52-Week Low at $2,515.50

Shares of Diageo plc (LON:DGE) hit a new 52-week low on Wednesday . The stock traded as low as GBX 2,515.50 ($31.96) and last traded at GBX 2,530 ($32.15), with a volume of 112689836 shares. The stock had previously closed at GBX 2,558 ($32.50).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DGE. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research note on Monday, February 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,800 ($35.58) target price on shares of Diageo in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Diageo in a research note on Tuesday, April 30th. Finally, Barclays increased their target price on Diageo from GBX 3,550 ($45.11) to GBX 3,640 ($46.25) and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 3,038 ($38.60).

Diageo Stock Performance

The stock has a market capitalization of £57.25 billion, a P/E ratio of 1,798.96, a P/E/G ratio of 1.58 and a beta of 0.33. The company has a quick ratio of 0.62, a current ratio of 1.58 and a debt-to-equity ratio of 190.59. The business has a fifty day moving average price of GBX 2,720.23 and a 200-day moving average price of GBX 2,813.50.

Insider Activity

In other Diageo news, insider Karen Blackett purchased 702 shares of the stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of GBX 2,826 ($35.91) per share, with a total value of £19,838.52 ($25,207.78). In other Diageo news, insider Karen Blackett purchased 702 shares of the stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of GBX 2,826 ($35.91) per share, with a total value of £19,838.52 ($25,207.78). Also, insider Javier Ferrán bought 314 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of GBX 2,640 ($33.55) per share, for a total transaction of £8,289.60 ($10,533.16). Insiders have acquired a total of 1,313 shares of company stock valued at $3,655,074 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

About Diageo

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.