Diageo (LON:DGE) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Diageo plc (LON:DGE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,557.95 and traded as high as GBX 1,604.50. Diageo shares last traded at GBX 1,591, with a volume of 3,239,510 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DGE shares. UBS Group reissued a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research note on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft lowered shares of Diageo to a “hold” rating and set a GBX 1,700 target price for the company. in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a £222.30 target price on shares of Diageo in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,547.50.

Diageo Price Performance

The company has a market capitalization of £36.69 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company has a 50-day moving average price of GBX 1,539.75 and a 200-day moving average price of GBX 1,558.38. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60.

Insider Activity at Diageo

In other news, insider John Rishton acquired 3,274 shares of Diageo stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of GBX 1,527 per share, with a total value of £49,993.98. Also, insider John Alexander Manzoni acquired 441 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of GBX 1,488 per share, with a total value of £6,562.08. Insiders have purchased a total of 4,606 shares of company stock worth $7,012,849 in the last three months. 0.16% of the stock is owned by insiders.

Diageo Company Profile

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.