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

Diageo plc (LON:DGE – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,551.40 and traded as high as GBX 1,642.50. Diageo shares last traded at GBX 1,620.50, with a volume of 1,051,408,375 shares.

Wall Street Analysts Forecast Growth

DGE has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research note on Monday, August 10th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,033.86.

Check Out Our Latest Research Report on DGE

Diageo Price Performance

The business has a 50 day moving average price of GBX 1,660.99 and a two-hundred day moving average price of GBX 1,552.24. The company has a debt-to-equity ratio of 203.12, a quick ratio of 0.62 and a current ratio of 1.60. The stock has a market cap of £36.46 billion, a PE ratio of 21.05, a P/E/G ratio of 1.75 and a beta of 0.31.

Insider Buying and Selling at Diageo

In related news, insider John Alexander Manzoni purchased 436 shares of Diageo stock in a transaction that occurred on Friday, July 10th. The stock was bought at an average price of GBX 1,503 per share, for a total transaction of £6,553.08. Over the last quarter, insiders have bought 1,240 shares of company stock valued at $2,000,426. 0.16% of the stock is currently owned by insiders.

About Diageo

(Get Free Report)

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.

Further Reading

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