Diageo (LON:DGE) Reaches New 1-Year Low – Should You Sell?

Diageo plc (LON:DGE) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 25.67 ($0.32) and last traded at GBX 25.67 ($0.32), with a volume of 6677240 shares traded. The stock had previously closed at GBX 2,600 ($32.50).

Analyst Ratings Changes

DGE has been the subject of several research reports. UBS Group raised Diageo to a “buy” rating and lifted their price objective for the stock from GBX 2,300 ($28.75) to GBX 2,920 ($36.50) in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 3,200 ($40.00) target price on shares of Diageo in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.00) price target on the stock in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 2,993.33 ($37.41).

Diageo Trading Up 0.3 %

The firm has a 50 day moving average price of GBX 2,470.47. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The stock has a market capitalization of £56.07 billion, a P/E ratio of 1,913.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Activity at Diageo

In related news, insider Javier Ferrán purchased 324 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were bought at an average price of GBX 2,531 ($31.63) per share, with a total value of £8,200.44 ($10,249.27). Over the last ninety days, insiders acquired 1,015 shares of company stock worth $2,476,438. 0.11% of the stock is currently owned by 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.