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

Diageo plc (LON:DGE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

DGE has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.84) price objective for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($31.11) price objective on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group raised shares of Diageo to a “buy” rating and upped their price objective for the company from GBX 2,300 ($28.62) to GBX 2,920 ($36.33) in a research 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 2,876.67 ($35.79).

Diageo Stock Performance

The company has a market cap of £54.69 billion, a price-to-earnings ratio of 1,866.29, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The firm’s 50 day moving average price is GBX 2,448.63. 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

In other Diageo news, insider Javier Ferrán acquired 352 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of GBX 2,350 ($29.24) per share, for a total transaction of £8,272 ($10,292.40). In the last 90 days, insiders have purchased 696 shares of company stock worth $1,669,084. 0.11% of the stock is currently 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.