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

Diageo plc (LON:DGE) shares passed 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 ($30.14). Diageo shares last traded at GBX 2,438 ($30.06), with a volume of 2,172,502 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of Diageo to a “buy” rating and raised 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. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.52) price target on the stock in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,500 ($30.82) price objective 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 2,876.67 ($35.47).

Diageo Stock Down 1.3 %

The business has a 50-day simple moving average of GBX 2,439. 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 company has a market cap of £53.26 billion, a P/E ratio of 1,817.42, a PEG ratio of 1.75 and a beta of 0.36.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán purchased 339 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of GBX 2,446 ($30.16) per share, with a total value of £8,291.94 ($10,223.08). Over the last 90 days, insiders purchased 696 shares of company stock worth $1,669,084. 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.