Diageo (LON:DGE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Diageo plc (LON:DGE) 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group raised Diageo to a “buy” rating and increased their price target for the company from GBX 2,300 ($28.85) to GBX 2,920 ($36.62) in a research report on Thursday, December 12th. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.12) price target for the company in a report on Friday, December 6th. One 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. Based on data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus price target of GBX 2,993.33 ($37.54).

Diageo Price Performance

The company has a market cap of £55.44 billion, a P/E ratio of 1,892.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. 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 stock’s 50 day simple moving average is GBX 2,462.85.

Insider Buying and Selling at Diageo

In related news, insider Javier Ferrán bought 352 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of GBX 2,350 ($29.47) per share, for a total transaction of £8,272 ($10,375.02). Over the last three months, insiders have acquired 1,015 shares of company stock worth $2,476,438. 0.11% of the stock is owned by company insiders.

About Diageo

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.