Insider Buying: Diageo (LON:DGE) Insider Acquires £6,561.90 in Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni bought 414 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of GBX 1,585 per share, with a total value of £6,561.90.

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

• On Monday, August 10th, John Alexander Manzoni purchased 362 shares of Diageo stock. The stock was bought at an average price of GBX 1,809 per share, for a total transaction of £6,548.58.
• On Friday, July 10th, John Alexander Manzoni purchased 436 shares of Diageo stock. The stock was bought at an average price of GBX 1,503 per share, for a total transaction of £6,553.08.

Diageo Stock Up 0.0%

Shares of DGE stock opened at GBX 1,603 on Friday. The company’s fifty day simple moving average is GBX 1,643.42 and its two-hundred day simple moving average is GBX 1,553.96. Diageo plc has a 52 week low of GBX 1,295.50 and a 52 week high of GBX 1,905.25. The stock has a market cap of £35.64 billion, a P/E ratio of 20.58, a PEG ratio of 1.75 and a beta of 0.31. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12.

Analyst Ratings Changes

A number of brokerages recently commented on DGE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,700 price target on shares of Diageo in a research note on Friday, August 7th. Jefferies Financial Group lifted their price objective on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a report on Monday, August 24th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,223 target price on shares of Diageo in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Moderate Buy” and a consensus price target 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.