Diageo (LON:DGE) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Diageo plc (LON:DGE) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,574.05 and traded as low as GBX 1,498.50. Diageo shares last traded at GBX 1,508, with a volume of 1,647,723,375 shares.

Analyst Upgrades and Downgrades

DGE has been the topic of a number of recent analyst reports. UBS Group reiterated a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a report on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,000 price objective on shares of Diageo in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,650 target price on shares of Diageo in a research note on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,012.50.

Diageo Trading Down 0.6%

The stock has a 50-day simple moving average of GBX 1,513.04 and a two-hundred day simple moving average of GBX 1,574.05. 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 firm has a market cap of £33.53 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30.

Insider Buying and Selling

In related news, insider John Rishton bought 3,274 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni bought 441 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of GBX 1,488 per share, with a total value of £6,562.08. Insiders bought 4,606 shares of company stock valued at $6,998,557 over the last quarter. 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.