Diageo (LON:DGE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Diageo plc (LON:DGE)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,280.32 ($28.29). Diageo shares last traded at GBX 2,259 ($28.02), with a volume of 4,337,748 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DGE shares. UBS Group raised shares of Diageo to a “buy” rating and lifted their price target for the company from GBX 2,300 ($28.53) to GBX 2,920 ($36.22) in a research report on Thursday, December 12th. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.74) target price on the stock in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($31.01) price target on shares of Diageo in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,876.67 ($35.69).

Diageo Stock Performance

The stock has a fifty day moving average price of GBX 2,446.19 and a 200-day moving average price of GBX 2,469.89. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The firm has a market capitalization of £49.33 billion, a price-to-earnings ratio of 1,683.33, a PEG ratio of 1.75 and a beta of 0.36.

Insiders Place Their Bets

In other news, insider Javier Ferrán acquired 339 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of GBX 2,446 ($30.34) per share, with a total value of £8,291.94 ($10,286.49). Insiders purchased 696 shares of company stock worth $1,669,084 over the last three months. 0.11% of the stock is currently owned by corporate 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.