Diageo (LON:DGE) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Diageo plc (LON:DGE)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,557.74 and traded as high as GBX 1,654.50. Diageo shares last traded at GBX 1,635.73, with a volume of 1,352,899,000 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on DGE. UBS Group reaffirmed a “neutral” rating and set a GBX 1,600 price objective on shares of Diageo in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and issued a £222.30 target price on shares of Diageo in a report on Friday, June 26th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Diageo to a “hold” rating and set a GBX 1,700 target price for the company. in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,547.50.

Diageo Trading Up 1.0%

The stock has a market cap of £36.86 billion, a PE ratio of 15.32, a PEG ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The stock has a fifty day moving average price of GBX 1,545.57 and a 200 day moving average price of GBX 1,557.74.

Insiders Place Their Bets

In related news, insider John Rishton purchased 3,274 shares of Diageo stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni bought 436 shares of Diageo stock in a transaction dated Friday, July 10th. The shares were bought at an average cost of GBX 1,503 per share, for a total transaction of £6,553.08. In the last quarter, insiders acquired 4,606 shares of company stock worth $7,012,849. Insiders own 0.16% of the company’s stock.

Diageo Company Profile

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.