Diageo (LON:DGE) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of Diageo plc (LON:DGE - Get Free Report) 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 2,445 ($30.15). Diageo shares last traded at GBX 2,438 ($30.06), with a volume of 2,172,502 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on DGE. Jefferies Financial Group upgraded shares of Diageo to a "buy" rating and set a GBX 2,800 ($34.53) price target on the stock in a research report on Friday, December 6th. UBS Group upgraded shares of Diageo to a "buy" rating and raised their price target for the company from GBX 2,300 ($28.36) to GBX 2,920 ($36.00) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 2,500 ($30.83) price target on shares of Diageo in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 2,876.67 ($35.47).

Diageo Stock Down 0.3 %

The firm's 50-day moving average price is GBX 2,437.71. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. The company has a market cap of £53.93 billion, a price-to-earnings ratio of 1,840.53, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In other Diageo news, insider Javier Ferrán purchased 339 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average cost of GBX 2,446 ($30.16) per share, with a total value of £8,291.94 ($10,224.34). Over the last three months, insiders have acquired 696 shares of company stock valued at $1,669,084. 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.