Diageo (LON:DGE) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Diageo plc (LON:DGE) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,606.91 and traded as low as GBX 1,575. Diageo shares last traded at GBX 1,576.50, with a volume of 7,502,554 shares changing hands.

Analysts Set New Price Targets

DGE has been the topic of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,900 target price on shares of Diageo in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,650 target price on shares of Diageo in a report on Tuesday, May 5th. Finally, UBS Group restated a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has an average rating of “Moderate Buy” and an average price target of GBX 2,000.

Diageo Stock Up 1.0%

The firm’s fifty day moving average price is GBX 1,470.82 and its two-hundred day moving average price is GBX 1,606.91. The stock has a market cap of £35.42 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62.

Insider Activity

In other news, insider Nik Jhangiani sold 27,786 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total transaction of £416,790. Also, insider John Alexander Manzoni acquired 446 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were bought at an average price of GBX 1,471 per share, for a total transaction of £6,560.66. Over the last 90 days, insiders have purchased 4,597 shares of company stock worth $6,998,475. Company 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.