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Home / Stocks and Markets at Lows / Diageo (DGE.L) 29-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Diageo (DGE.L) 29-01-20

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 3094.5p (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; +11% from 12 month lows.

Latest News

 

28 Jan:  JP Morgan Cazenove has downgraded its rating on Diageo (DGE) to underweight (from neutral) and reduced the target price to 2800p (from 3200p).

16 Jan:  Jefferies International has downgraded its rating on Diageo (DGE) to hold (from buy).

10 Jan:  Javier Ferrán, Chairman, bought 255 shares within the firm on the 10th January 2020 at a price of 3249.00p. This Director currently has 231,986 shares.

06 Jan:  Bernstein reiterates its market perform rating on Diageo (DGE) and increased the target price to 3400p (from 3250p).

10 Dec:  JP Morgan Cazenove reiterates its neutral rating on Diageo (DGE) and reduced the target price to 3200p (from 3315p).

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

 

Click to enlarge

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