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

Diageo plc (LON:DGE - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,537.50 ($31.41). Diageo shares last traded at GBX 2,537.50 ($31.41), with a volume of 911,348 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group raised Diageo to a "buy" rating and set a GBX 2,800 ($34.66) price objective for the company in a research report on Friday, December 6th. UBS Group raised Diageo to a "buy" rating and upped their price target for the stock from GBX 2,300 ($28.47) to GBX 2,920 ($36.14) in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 2,993.33 ($37.05).

Diageo Stock Down 0.0 %

The firm has a fifty day moving average of GBX 2,456.88 and a 200-day moving average of GBX 2,493.72. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The firm has a market cap of £56.31 billion, a P/E ratio of 1,921.42, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Insider Transactions at Diageo

In other news, insider Javier Ferrán acquired 324 shares of the firm's stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of GBX 2,531 ($31.33) per share, with a total value of £8,200.44 ($10,150.32). Insiders have purchased a total of 1,015 shares of company stock worth $2,476,438 in the last 90 days. 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.