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

Diageo plc (LON:DGE - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,802.50 ($24.08) and last traded at GBX 1,805 ($24.11), with a volume of 50025777 shares. The stock had previously closed at GBX 1,822 ($24.34).

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup reaffirmed a "buy" rating on shares of Diageo in a report on Monday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Diageo from GBX 2,010 ($26.85) to GBX 2,060 ($27.52) and gave the company a "hold" rating in a research note on Tuesday. Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,500 ($33.40) price objective on shares of Diageo in a research note on Tuesday. JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a research report on Thursday. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,372 ($31.69) price target on shares of Diageo in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,458.67 ($32.84).

Diageo Stock Performance

The stock has a market cap of £44.95 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The firm has a fifty day moving average of GBX 1,918.72 and a 200 day moving average of GBX 2,067.82.

Insider Buying and Selling

In other news, insider John Alexander Manzoni purchased 335 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was acquired at an average price of GBX 1,955 ($26.12) per share, with a total value of £6,549.25 ($8,748.66). Insiders have bought 981 shares of company stock worth $1,999,510 over the last quarter. 0.11% of the stock is owned by insiders.

About Diageo

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry. With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we're building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we're a truly global company.