Shares of Diageo plc (LON:DGE – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 1,557.23 and traded as high as GBX 1,624. Diageo shares last traded at GBX 1,598, with a volume of 3,499,755 shares trading hands.
Analysts Set New Price Targets
DGE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research report on Friday, August 7th. Jefferies Financial Group raised their target price 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. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,033.86.
Read Our Latest Stock Analysis on DGE
Diageo Price Performance
Insiders Place Their Bets
In related news, insider John Alexander Manzoni acquired 436 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was bought at an average cost of GBX 1,503 per share, with a total value of £6,553.08. Over the last ninety days, insiders have acquired 1,240 shares of company stock worth $2,000,426. 0.16% of the stock is owned by company 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.
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