Diageo (LON:DGE) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Diageo plc (LON:DGE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,445 ($30.15). Diageo shares last traded at GBX 2,438 ($30.06), with a volume of 2,172,502 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($34.53) price objective for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,500 ($30.83) price target on shares of Diageo in a report on Tuesday, January 7th. Finally, UBS Group upgraded Diageo to a “buy” rating and increased their price objective for the company from GBX 2,300 ($28.36) to GBX 2,920 ($36.00) in a report on Thursday, December 12th. 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 company’s stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and an average target price of GBX 2,876.67 ($35.47).

Diageo Stock Up 0.1 %

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 company has a fifty day moving average price of GBX 2,436.55. The company has a market capitalization of £54.12 billion, a PE ratio of 1,846.97, a PEG ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In other news, insider Javier Ferrán bought 339 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average price of GBX 2,446 ($30.16) per share, for a total transaction of £8,291.94 ($10,224.34). In the last three months, insiders acquired 696 shares of company stock worth $1,669,084. 0.11% of the stock is owned by corporate insiders.

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.