Diageo (LON:DGE) Shares Cross Above 200-Day Moving Average - Here's What Happened

Shares of Diageo plc (LON:DGE - Get Free Report) 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 2,515 ($31.54). Diageo shares last traded at GBX 2,497.50 ($31.32), with a volume of 730,702 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DGE shares. Jefferies Financial Group upgraded shares of Diageo to a "buy" rating and set a GBX 2,800 ($35.12) target price on the stock in a research report on Friday, December 6th. UBS Group upgraded shares of Diageo to a "buy" rating and upped their price objective for the company from GBX 2,300 ($28.85) to GBX 2,920 ($36.62) in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of GBX 2,993.33 ($37.54).

Diageo Stock Performance

The company has a market capitalization of £55.44 billion, a price-to-earnings ratio of 1,892.05, a PEG ratio of 1.75 and a beta of 0.36. The stock has a 50 day moving average of GBX 2,463.97. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26.

Insider Activity

In other news, insider Javier Ferrán bought 352 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of GBX 2,350 ($29.47) per share, with a total value of £8,272 ($10,375.02). Over the last three months, insiders have purchased 1,015 shares of company stock valued at $2,476,438. 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.