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

Diageo plc (LON:DGE) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0 ($0.00) and traded as high as GBX 2,535 ($31.54). Diageo shares last traded at GBX 2,495 ($31.04), with a volume of 2,172,248 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DGE shares. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.84) price objective on the stock in a research note on Friday, December 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,500 ($31.11) price target on shares of Diageo in a research note on Tuesday, January 7th. Finally, UBS Group raised Diageo to a “buy” rating and lifted their price target for the company from GBX 2,300 ($28.62) to GBX 2,920 ($36.33) in a report on Thursday, December 12th. 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 MarketBeat.com, Diageo currently has an average rating of “Hold” and a consensus price target of GBX 2,876.67 ($35.79).

Diageo Price Performance

The company’s fifty day moving average is GBX 2,448.63. The firm has a market capitalization of £54.69 billion, a P/E ratio of 1,866.29, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53.

Insider Activity at Diageo

In related news, insider Javier Ferrán acquired 339 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average price of GBX 2,446 ($30.43) per share, for a total transaction of £8,291.94 ($10,317.21). Insiders have purchased 696 shares of company stock worth $1,669,084 over the last quarter. 0.11% of the stock is currently owned by company 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.