Shares in Diageo (DGE.L) have dropped from recent highs of 3625.5p. Are further falls imminent, or will investors benefit from this low price?

• A return to previous highs would represent a rise of 17%. Now trading at 3090.5p (at time of writing).
• This stock is one of the most significant fallers in the period.
• Is the fall justified? Is a bounce due?
• The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
• Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
• Shares -14% from 12-month highs; +14% from 12 month lows.

Latest News

11 Nov:  Javier Ferrán, Chairman, bought 267 shares in the firm on the 11th November 2019 at a price of 3096.00p. This Director currently has 231,460 shares.

10 Oct:  Javier Ferrán, Chairman, bought 249 shares in the firm on the 10th October 2019 at a price of 3321.00p. This Director currently has 231,193 shares.

20 Sep:  Deutsche Bank reiterates its hold rating on Diageo (DGE) and increased the target price to 3650p (from 3500p).

19 Sep:  Ivan Menezes, CEO,said:   ‘Fiscal ’20 has started well as we continue to build on the momentum and consistent progress we are making in the execution of our strategy.’

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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