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

Diageo plc (LON:DGE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,587 and last traded at GBX 1,606.50, with a volume of 91049922 shares changing hands. The stock had previously closed at GBX 1,617.Wall Street Analysts Forecast Growth3 Beer Stocks to Tap into if You're Ready for Some FootballA number of brokerages recently weighed in on DGE. UBS Group reiterated a "buy" rating and set a GBX 2,250 price target on shares of Diageo in a research note on Friday, October 31st. Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,300 target price on shares of Diageo in a research note on Friday, November 7th. Citigroup lowered their price target on Diageo from GBX 2,750 to GBX 2,480 and set a "buy" rating on the stock in a report on Monday, October 20th. JPMorgan Chase & Co. reduced their price objective on Diageo from GBX 2,500 to GBX 2,000 and set a "neutral" rating for the company in a research note on Wednesday, November 26th. Finally, Berenberg Bank decreased their price objective on Diageo from GBX 2,372 to GBX 2,370 and set a "buy" rating for the company in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Diageo presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,198.75.Read Our Latest Research Report on DGEDiageo Trading Down 1.0%The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The company's fifty day moving average price is GBX 1,744.45 and its two-hundred day moving average price is GBX 1,856.86. The firm has a market cap of £35.61 billion, a PE ratio of 15.15, a P/E/G ratio of 1.75 and a beta of 0.36. Insiders Place Their BetsIn other Diageo news, insider John Alexander Manzoni bought 410 shares of the company's stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of GBX 1,600 per share, for a total transaction of £6,560. Over the last 90 days, insiders purchased 1,148 shares of company stock valued at $2,012,936. 0.16% of the stock is currently owned by insiders. Diageo Company Profile (Get Free Report)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. With such diversity, we're able to truly represent our broad consumer base and think differently about the future. To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.Recommended StoriesFive stocks we like better than DiageoDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThe Last Gold Bull Market This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Diageo Right Now?Before you consider Diageo, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diageo wasn't on the list.While Diageo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here