Diageo (LON:DGE) Shares Cross Above 200 Day Moving Average - Time to Sell?

Diageo plc (LON:DGE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,280.32 ($28.18). Diageo shares last traded at GBX 2,259 ($27.92), with a volume of 4,337,748 shares traded.

Wall Street Analyst Weigh In

DGE has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($34.60) price target for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 2,500 ($30.89) target price on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group upgraded shares of Diageo to a "buy" rating and increased their price target for the stock from GBX 2,300 ($28.42) to GBX 2,920 ($36.09) in a research report on Thursday, December 12th. One investment 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.com, Diageo has a consensus rating of "Hold" and a consensus price target of GBX 2,876.67 ($35.55).

Diageo Stock Performance

The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The stock has a market capitalization of £48.75 billion, a P/E ratio of 1,663.64, a PEG ratio of 1.75 and a beta of 0.36. The business has a fifty day moving average of GBX 2,446.19.

Insider Transactions at Diageo

In other Diageo news, insider Javier Ferrán acquired 339 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of GBX 2,446 ($30.23) per share, for a total transaction of £8,291.94 ($10,247.08). Corporate insiders own 0.11% of the company's stock.

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.