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

Shares of Diageo plc (LON:DGE) reached a new 52-week low during mid-day trading 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).

Wall Street Analyst Weigh In

Several research firms have commented on DGE. Barclays boosted their price objective 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. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Diageo in a report on Tuesday, April 30th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,800 ($35.58) price target on shares of Diageo in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and an average target price of GBX 3,038 ($38.60).

Diageo Trading Down 1.2 %

The company has a market capitalization of £56.13 billion, a PE ratio of 1,776.39, a PEG ratio of 1.58 and a beta of 0.33. The company has a fifty day simple moving average of GBX 2,729.64 and a 200-day simple moving average of GBX 2,816.79. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59.

Insider Buying and Selling at Diageo

In other news, insider Javier Ferrán purchased 292 shares of Diageo stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of GBX 2,836 ($36.04) per share, with a total value of £8,281.12 ($10,522.39). In related news, insider Javier Ferrán purchased 292 shares of the company’s stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of GBX 2,836 ($36.04) per share, for a total transaction of £8,281.12 ($10,522.39). Also, insider Karen Blackett purchased 702 shares of Diageo stock in a transaction dated Monday, April 8th. The stock was bought at an average cost of GBX 2,826 ($35.91) per share, for a total transaction of £19,838.52 ($25,207.78). Insiders have bought 1,313 shares of company stock worth $3,655,074 in the last ninety days. 0.13% of the stock is owned by 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.