Diageo (LON:DGE) Stock Passes Above 200-Day Moving Average of $2,925.24

Diageo plc (LON:DGEGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,925.24 ($36.72) and traded as high as GBX 2,955.50 ($37.10). Diageo shares last traded at GBX 2,925 ($36.72), with a volume of 3,516,384 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on DGE. JPMorgan Chase & Co. restated a “neutral” rating on shares of Diageo in a research note on Monday, February 26th. Barclays dropped their target price on Diageo from GBX 3,730 ($46.82) to GBX 3,550 ($44.56) and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,180 ($39.92).

Read Our Latest Analysis on Diageo

Diageo Trading Down 1.0 %

The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. The company has a 50 day simple moving average of GBX 2,908.59 and a two-hundred day simple moving average of GBX 2,925.24. The firm has a market cap of £65.23 billion, a PE ratio of 1,976.35, a P/E/G ratio of 1.78 and a beta of 0.33.

Diageo Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a yield of 1.12%. Diageo’s payout ratio is presently 5,472.97%.

Insider Buying and Selling at Diageo

In other news, insider Javier Ferrán purchased 290 shares of the company’s stock in a transaction on Monday, March 11th. The shares were acquired at an average price of GBX 2,853 ($35.81) per share, for a total transaction of £8,273.70 ($10,386.27). In the last 90 days, insiders have bought 300 shares of company stock worth $855,835. 0.14% of the stock is currently owned by insiders.

Diageo Company Profile

(Get Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

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