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

Diageo plc (LON:DGE - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,535 ($31.43). Diageo shares last traded at GBX 2,495 ($30.94), with a volume of 2,172,248 shares traded.

Analysts Set New Price Targets

DGE has been the topic of several research analyst reports. Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($34.72) price target on the stock in a research note on Friday, December 6th. UBS Group upgraded Diageo to a "buy" rating and upped their target price for the company from GBX 2,300 ($28.52) to GBX 2,920 ($36.21) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 2,500 ($31.00) price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of "Hold" and an average target price of GBX 2,876.67 ($35.67).

Diageo Stock Performance

The company has a market capitalization of £53.70 billion, a PE ratio of 1,832.58, a PEG ratio of 1.75 and a beta of 0.36. The firm has a 50-day moving average of GBX 2,455.43 and a two-hundred day moving average of GBX 2,478.18. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26.

Insider Activity

In other Diageo news, insider Javier Ferrán purchased 339 shares of the stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of GBX 2,446 ($30.33) per share, for a total transaction of £8,291.94 ($10,281.39). Insiders bought a total of 696 shares of company stock valued at $1,669,084 in the last three months. 0.11% of the stock is currently owned by corporate 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.