Diageo (LON:DGE) Insider John Alexander Manzoni Purchases 400 Shares of Company Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni bought 400 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were bought at an average price of GBX 1,640 per share, with a total value of £6,560.

John Alexander Manzoni also recently made the following trade(s):

• On Thursday, September 10th, John Alexander Manzoni purchased 414 shares of Diageo stock. The shares were bought at an average price of GBX 1,585 per share, for a total transaction of £6,561.90.
• On Monday, August 10th, John Alexander Manzoni purchased 362 shares of Diageo stock. The stock was bought at an average cost of GBX 1,809 per share, for a total transaction of £6,548.58.

Diageo Trading Up 1.0%

Diageo stock traded up GBX 16.87 during trading hours on Monday, reaching GBX 1,655.87. The company had a trading volume of 4,188,732 shares, compared to its average volume of 19,386,111. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The company has a 50-day moving average price of GBX 1,665.63 and a 200 day moving average price of GBX 1,565.38. The firm has a market cap of £36.84 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.75 and a beta of 0.31. Diageo plc has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 1,903.90.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DGE. Deutsche Bank Aktiengesellschaft cut their target price on shares of Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,223 target price 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 target on shares of Diageo in a report on Monday, August 24th. Finally, Jefferies Financial Group increased their price target on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,033.86.

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.