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

Shares of Diageo plc (LON:DGE - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0 ($0.00) and traded as high as GBX 2,180 ($28.09). Diageo shares last traded at GBX 2,165.50 ($27.91), with a volume of 3,886,936 shares.

Analyst Upgrades and Downgrades

DGE has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($36.08) price target for the company in a research note on Friday, December 6th. UBS Group upgraded Diageo to a "buy" rating and raised their price target for the stock from GBX 2,300 ($29.64) to GBX 2,920 ($37.63) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 2,500 ($32.22) target price on shares of Diageo in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Diageo presently has a consensus rating of "Hold" and a consensus target price of GBX 2,876.67 ($37.07).

Diageo Stock Performance

The business has a 50-day simple moving average of GBX 2,330.01 and a 200 day simple moving average of GBX 2,429.99. The firm has a market cap of £48.32 billion, a PE ratio of 12.19, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

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Insider Buying and Selling

In other Diageo news, insider Nik Jhangiani sold 65,676 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.90), for a total transaction of £1,421,885.40 ($1,832,326.55). Also, insider Javier Ferrán bought 339 shares of the stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of GBX 2,446 ($31.52) per share, for a total transaction of £8,291.94 ($10,685.49). Insiders acquired a total of 351 shares of company stock valued at $857,361 over the last three months. 0.11% of the stock is owned by company insiders.

Diageo Company Profile

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.