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

Diageo plc (LON:DGE)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 2,003.60 ($25.91) and last traded at GBX 2,017 ($26.08), with a volume of 36649563 shares traded. The stock had previously closed at GBX 2,046.50 ($26.46).

Wall Street Analysts Forecast Growth

DGE has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($36.20) target price on the stock in a research report on Friday, December 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,500 ($32.32) price target on shares of Diageo in a report on Tuesday, January 7th. Finally, UBS Group upgraded shares of Diageo to a “buy” rating and upped their price objective for the stock from GBX 2,300 ($29.74) to GBX 2,920 ($37.76) in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 2,876.67 ($37.20).

Diageo Stock Performance

The business’s fifty day moving average is GBX 2,203.73. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm has a market cap of £44.66 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.75 and a beta of 0.36.

Diageo Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were given a GBX 20.75 ($0.27) dividend. This is a boost from Diageo’s previous dividend of $0.63. This represents a yield of 3.66%. The ex-dividend date of this dividend was Thursday, March 20th. Diageo’s dividend payout ratio is 44.25%.

Insider Transactions at Diageo

In related news, insider Nik Jhangiani sold 65,676 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.99), for a total value of £1,421,885.40 ($1,838,486.42). Over the last 90 days, insiders have acquired 19 shares of company stock worth $43,455. Company 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.