Diageo (LON:DGE) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Diageo plc shares have surpassed their 200-day moving average, trading at GBX 2,034 ($27.47) after reaching a high of GBX 2,044 ($27.61) during the trading session.
• Brokerages have mixed opinions on Diageo; some set price targets ranging from GBX 2,000 to GBX 2,372, with an average rating of "Moderate Buy."
• Corporate insider John Alexander Manzoni recently purchased 335 shares at GBX 1,955 each, indicating confidence in the company's future prospects.

Diageo plc (LON:DGE - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,028.84 ($27.40) and traded as high as GBX 2,044 ($27.61). Diageo shares last traded at GBX 2,034 ($27.47), with a volume of 1,163,467,125 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on DGE. Deutsche Bank Aktiengesellschaft lifted their price target on Diageo from GBX 2,010 to GBX 2,060 and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 price objective on shares of Diageo in a report on Tuesday, August 5th. The Goldman Sachs Group raised Diageo to a "neutral" rating and set a GBX 2,000 price objective for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a report on Thursday, August 7th. Finally, Citigroup reissued a "buy" rating on shares of Diageo in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,393.14.

Diageo Stock Up 0.2%

The company has a market cap of £45.20 billion, a price-to-earnings ratio of 1,924.31, a PEG ratio of 1.75 and a beta of 0.36. 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 business has a fifty day moving average of GBX 1,975.12 and a two-hundred day moving average of GBX 2,028.84.

Insiders Place Their Bets

In other Diageo news, insider John Alexander Manzoni purchased 335 shares of Diageo stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average price of GBX 1,955 per share, with a total value of £6,549.25. Over the last ninety days, insiders bought 1,010 shares of company stock valued at $2,014,592. Corporate insiders own 0.16% of the company's stock.

About Diageo

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.

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