Diageo (LON:DGE) Sets New 52-Week Low - What's Next?

Shares of Diageo plc (LON:DGE - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,900.50 ($25.59) and last traded at GBX 1,906 ($25.67), with a volume of 2147000000 shares trading hands. The stock had previously closed at GBX 1,950 ($26.26).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 ($31.94) target price on shares of Diageo in a research note on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 2,665.33 ($35.89).

Diageo Trading Down 0.2%

The firm's fifty day moving average is GBX 2,056.21 and its two-hundred day moving average is GBX 2,201.81. The firm has a market cap of £42.06 billion, a P/E ratio of 10.61, a PEG ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Insider Buying and Selling

In other news, insider John Alexander Manzoni purchased 331 shares of Diageo stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average cost of GBX 1,985 ($26.73) per share, with a total value of £6,570.35 ($8,847.76). Insiders purchased a total of 953 shares of company stock valued at $1,983,862 over the last three months. Corporate insiders own 0.11% of the company's stock.

Diageo Company Profile

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.