Diageo (LON:DGE) Reaches New 12-Month Low - Time to Sell?

Diageo plc (LON:DGE - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 2,108 ($26.63) and last traded at GBX 2,118.50 ($26.77), with a volume of 16637951 shares traded. The stock had previously closed at GBX 2,151.50 ($27.18).

Analyst Upgrades and Downgrades

DGE has been the subject of a number of research reports. UBS Group raised shares of Diageo to a "buy" rating and lifted their price objective for the stock from GBX 2,300 ($29.06) to GBX 2,920 ($36.89) in a report on Thursday, December 12th. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 2,500 ($31.59) price target on shares of Diageo in a report on Tuesday, January 7th. Finally, Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($35.38) price target for the company in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 2,876.67 ($36.34).

Diageo Trading Up 3.1 %

The company has a market cap of £48.62 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.75 and a beta of 0.36. The firm's fifty day moving average price is GBX 2,400.62 and its 200-day moving average price is GBX 2,446.81. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Insider Buying and Selling

In related news, insider Javier Ferrán acquired 339 shares of Diageo stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average price of GBX 2,446 ($30.90) per share, with a total value of £8,291.94 ($10,476.23). Insiders purchased 351 shares of company stock valued at $857,361 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

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.