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

Shares of Diageo plc (LON:DGE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,557.95 and traded as high as GBX 1,604.50. Diageo shares last traded at GBX 1,591, with a volume of 3,239,510 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DGE. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,759 price target on shares of Diageo in a research report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a £222.30 price objective on shares of Diageo in a research report on Friday, June 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,554.88.

Diageo Stock Performance

The business has a 50-day moving average price of GBX 1,538.52 and a 200-day moving average price of GBX 1,557.95. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. The firm has a market capitalization of £35.38 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.75 and a beta of 0.31.

Insider Buying and Selling at Diageo

In other Diageo news, insider John Alexander Manzoni bought 441 shares of Diageo stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of GBX 1,488 per share, with a total value of £6,562.08. Also, insider John Rishton purchased 3,274 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of GBX 1,527 per share, with a total value of £49,993.98. Over the last 90 days, insiders have purchased 4,606 shares of company stock worth $7,012,849. 0.16% of the stock is owned by company insiders.

About Diageo

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.