Diageo plc (LON:DGE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,040.18 ($27.45) and traded as high as GBX 2,110 ($28.39). Diageo shares last traded at GBX 2,094 ($28.17), with a volume of 3,338,442 shares.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Diageo to a "neutral" rating and set a GBX 2,000 target price for the company in a report on Thursday, August 7th. Citigroup reaffirmed a "buy" rating on shares of Diageo in a report on Monday, August 4th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a report on Thursday, August 7th. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,400 price objective on shares of Diageo in a report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Diageo from GBX 2,010 to GBX 2,060 and gave the company a "hold" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 2,393.14.
Read Our Latest Research Report on DGE
Diageo Trading Up 0.2%
The stock has a market capitalization of £47.08 billion, a PE ratio of 11.88, a PEG ratio of 1.75 and a beta of 0.36. The stock's 50 day moving average price is GBX 1,941.64 and its 200-day moving average price is GBX 2,034.04. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.
Insiders Place Their Bets
In related news, insider John Alexander Manzoni bought 335 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of GBX 1,955 per share, with a total value of £6,549.25. Insiders have acquired 1,010 shares of company stock worth $2,014,592 over the last three months. Company insiders own 0.11% of the company's stock.
About Diageo
(
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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.
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