Diageo (LON:DGE) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Diageo plc (LON:DGE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,606.91 and traded as low as GBX 1,575. Diageo shares last traded at GBX 1,576.50, with a volume of 7,502,554 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on DGE. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,900 target price on shares of Diageo in a research report on Wednesday, May 6th. UBS Group reissued a “neutral” rating and set a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,650 target price on shares of Diageo in a research report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Diageo currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,000.

Diageo Stock Up 1.0%

The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. The stock’s 50-day simple moving average is GBX 1,470.82 and its 200-day simple moving average is GBX 1,606.91. The firm has a market capitalization of £35.42 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.75 and a beta of 0.30.

Insiders Place Their Bets

In other news, insider John Rishton acquired 3,274 shares of Diageo stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni acquired 425 shares of Diageo stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of GBX 1,545 per share, with a total value of £6,566.25. In the last ninety days, insiders bought 4,597 shares of company stock valued at $6,998,475. Corporate insiders own 0.16% of the company’s stock.

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. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.