Diageo (LON:DGE) Hits New 1-Year Low - Here's Why

Diageo plc (LON:DGE - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 1,850 ($24.84) and last traded at GBX 1,864.50 ($25.03), with a volume of 306808063 shares changing hands. The stock had previously closed at GBX 1,881 ($25.25).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 2,372 ($31.84) price objective on shares of Diageo in a research report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 2,665.33 ($35.78).

Diageo Stock Performance

The company has a market capitalization of £41.35 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The business's fifty day simple moving average is GBX 2,052.77 and its 200-day simple moving average is GBX 2,197.37.

Insider Transactions at Diageo

In other Diageo news, insider John Alexander Manzoni bought 315 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of GBX 2,079 ($27.91) per share, with a total value of £6,548.85 ($8,791.58). Over the last three months, insiders have bought 953 shares of company stock valued at $1,983,862. 0.11% of the stock is currently owned by insiders.

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.

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