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

Key Points

• Diageo's share price recently crossed above its 200-day moving average, trading at GBX 2,056.07 ($27.75) with a volume of 2,770,576 shares.
• A range of analysts upgraded their ratings on Diageo, with price targets varying from GBX 2,000 to GBX 2,400, reflecting a consensus of "Moderate Buy."
• Insider trading activity shows that insiders purchased a total of 1,010 shares over the last three months, indicating confidence in the company's future performance.

Shares of Diageo plc (LON:DGE - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,034.37 ($27.47) and traded as high as GBX 2,064 ($27.87). Diageo shares last traded at GBX 2,056.07 ($27.77), with a volume of 2,770,576 shares traded.

Analysts Set New Price Targets

DGE has been the topic of several research reports. Jefferies Financial Group restated a "buy" rating and set a GBX 2,500 price target on shares of Diageo in a research note on Tuesday, August 5th. Citigroup reiterated a "buy" rating on shares of Diageo in a research note on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,400 price target on shares of Diageo in a research note on Wednesday, July 16th. The Goldman Sachs Group raised Diageo to a "neutral" rating and set a GBX 2,000 target price for the company in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Diageo in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 2,393.14.

Diageo Trading Down 1.4%

The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The company has a fifty day simple moving average of GBX 1,955.40 and a 200-day simple moving average of GBX 2,031.04. The company has a market capitalization of £45.18 billion, a PE ratio of 1,260.38, a PEG ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In other news, insider John Alexander Manzoni bought 335 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were purchased at an average price of GBX 1,955 per share, with a total value of £6,549.25. Over the last quarter, insiders bought 1,010 shares of company stock worth $2,014,592. 0.16% of the stock is currently owned by corporate insiders.

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.