Diageo (LON:DGE) Reaches New 1-Year Low - Time to Sell?

Diageo plc (LON:DGE - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 25.67 ($0.33) and last traded at GBX 25.67 ($0.33), with a volume of 6677240 shares changing hands. The stock had previously closed at GBX 2,600 ($33.05).

Analyst Ratings Changes

A number of analysts have commented on DGE shares. Jefferies Financial Group upgraded shares of Diageo to a "buy" rating and set a GBX 2,800 ($35.60) price target on the stock in a research report on Friday, December 6th. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 3,200 ($40.68) target price on shares of Diageo in a report on Thursday, August 22nd. Finally, UBS Group raised Diageo to a "buy" rating and increased their price target for the company from GBX 2,300 ($29.24) to GBX 2,920 ($37.12) in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of GBX 2,993.33 ($38.05).

Diageo Stock Down 2.5 %

The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The company has a market capitalization of £56.30 billion, a P/E ratio of 1,921.21, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The firm has a 50-day simple moving average of GBX 2,472.49.

Insider Activity at Diageo

In related news, insider Javier Ferrán purchased 352 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of GBX 2,350 ($29.88) per share, with a total value of £8,272 ($10,516.15). Over the last 90 days, insiders bought 1,015 shares of company stock valued at $2,476,438. Insiders own 0.11% of the company's stock.

About Diageo

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.