Insider Buying: Diageo (LON:DGE) Insider Purchases £6,560 in Stock

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

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

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

Diageo Stock Up 1.6%

Shares of LON DGE opened at GBX 1,739.50 on Thursday. 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 market cap of £38.70 billion, a P/E ratio of 22.33, a PEG ratio of 1.75 and a beta of 0.31. Diageo plc has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 1,903.90. The firm has a 50-day simple moving average of GBX 1,669.23 and a two-hundred day simple moving average of GBX 1,572.26.

Analyst Ratings Changes

Several brokerages have recently weighed in on DGE. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,200 price target on shares of Diageo in a report on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating for the company in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a report on Monday, August 24th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.