Insider Buying: Diageo (LON:DGE) Insider Buys £6,548.58 in Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni bought 362 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of GBX 1,809 per share, with a total value of £6,548.58.

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

• On Friday, July 10th, John Alexander Manzoni acquired 436 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,503 per share, with a total value of £6,553.08.
• On Wednesday, June 10th, John Alexander Manzoni acquired 441 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08.

Diageo Stock Performance

DGE stock opened at GBX 1,768 on Tuesday. The firm has a market cap of £39.31 billion, a PE ratio of 16.34, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 197.88. The business’s 50-day moving average price is GBX 1,559.55 and its two-hundred day moving average price is GBX 1,560.52. Diageo plc has a 1-year low of GBX 1,295.50 and a 1-year high of GBX 2,142.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a report on Wednesday, May 27th. Jefferies Financial Group upped 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 note on Monday. UBS Group reissued a “neutral” rating and issued a GBX 1,600 price target on shares of Diageo in a report on Tuesday, May 5th. Berenberg Bank restated a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,700 price target on shares of Diageo in a report on Friday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,029.

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.