Diageo (LON:DGE) Shares Pass Above 200 Day Moving Average – Should You Sell?

Diageo plc (LON:DGE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,537.50 ($31.41). Diageo shares last traded at GBX 2,537.50 ($31.41), with a volume of 911,348 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on DGE shares. UBS Group raised shares of Diageo to a “buy” rating and raised their target price for the company from GBX 2,300 ($28.47) to GBX 2,920 ($36.14) in a research note on Thursday, December 12th. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.66) price objective on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 2,993.33 ($37.05).

Diageo Trading Down 3.9 %

The company has a market cap of £54.36 billion, a price-to-earnings ratio of 1,854.92, a PEG ratio of 1.75 and a beta of 0.36. The business’s 50 day moving average price is GBX 2,456.88 and its 200-day moving average price is GBX 2,493.72. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26.

Insiders Place Their Bets

In other Diageo news, insider Javier Ferrán bought 324 shares of Diageo stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of GBX 2,531 ($31.33) per share, with a total value of £8,200.44 ($10,150.32). Insiders purchased 1,015 shares of company stock worth $2,476,438 over the last three months. 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.