Diageo (LON:DGE) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Diageo plc (LON:DGE)’s share price crossed 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 2,089.50 ($27.14). Diageo shares last traded at GBX 2,080.50 ($27.02), with a volume of 3,236,259 shares.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group raised Diageo to a “buy” rating and boosted their price target for the stock from GBX 2,300 ($29.87) to GBX 2,920 ($37.93) in a research report on Thursday, December 12th. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($36.37) target price on the stock in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,500 ($32.47) target price on shares of Diageo in a research report on Tuesday, January 7th. One equities 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, the stock currently has an average rating of “Hold” and an average target price of GBX 2,876.67 ($37.36).

Diageo Trading Up 0.7 %

The company’s 50-day moving average is GBX 2,273.98. The firm has a market capitalization of £46.18 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Insider Buying and Selling at Diageo

In other news, insider Nik Jhangiani sold 65,676 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($28.12), for a total value of £1,421,885.40 ($1,846,844.27). Insiders have acquired a total of 19 shares of company stock valued at $43,455 in the last three months. Corporate 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.