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

Diageo plc (LON:DGE) insider John Alexander Manzoni acquired 362 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost 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 bought 436 shares of Diageo stock. The stock was bought at an average price 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 bought at an average price of GBX 1,488 per share, with a total value of £6,562.08.

Diageo Stock Down 1.3%

DGE stock opened at GBX 1,768 on Tuesday. The stock has a market cap of £39.31 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The firm’s 50-day simple moving average is GBX 1,559.55 and its 200 day simple moving average is GBX 1,560.52. Diageo plc has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 2,142. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 197.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DGE. Berenberg Bank restated a “buy” rating and issued a GBX 2,223 target price on shares of Diageo in a report on Friday. UBS Group reissued a “neutral” rating and issued a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, May 27th. Jefferies Financial Group boosted their target price 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,700 target price on shares of Diageo in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Diageo has an average rating of “Moderate Buy” and an average target price of GBX 2,029.

About Diageo

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.