Diageo (LON:DGE) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Diageo plc (LON:DGE) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,562.38 and traded as high as GBX 1,710.50. Diageo shares last traded at GBX 1,671.50, with a volume of 5,518,919 shares.

Analyst Upgrades and Downgrades

DGE has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,700 price target on shares of Diageo in a research note on Friday, August 7th. Jefferies Financial Group upped their price target on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,029.

Diageo Trading Down 1.6%

The business has a 50 day moving average of GBX 1,631.20 and a 200-day moving average of GBX 1,561.11. The stock has a market cap of £37.06 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni acquired 441 shares of Diageo stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08. Insiders acquired 1,267 shares of company stock valued at $1,999,464 over the last ninety days. Insiders own 0.17% of the company’s stock.

About Diageo

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.