Diageo (LON:DGE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Diageo plc (LON:DGE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0 ($0.00) and traded as high as GBX 2,445 ($30.14). Diageo shares last traded at GBX 2,438 ($30.06), with a volume of 2,172,502 shares changing hands.

Analyst Upgrades and Downgrades

DGE has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.52) price target for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($30.82) target price on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group raised shares of Diageo to a “buy” rating and boosted their price target for the stock from GBX 2,300 ($28.36) to GBX 2,920 ($36.00) in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average price target of GBX 2,876.67 ($35.47).

Diageo Stock Down 1.3 %

The business has a 50-day moving average of GBX 2,439. The company has a market cap of £53.26 billion, a PE ratio of 1,817.42, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53.

Insider Activity

In other Diageo news, insider Javier Ferrán bought 352 shares of Diageo stock in a transaction on Monday, November 11th. The shares were bought at an average price of GBX 2,350 ($28.97) per share, for a total transaction of £8,272 ($10,198.50). In the last quarter, insiders have bought 696 shares of company stock valued at $1,669,084. 0.11% of the stock is currently owned by insiders.

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.