Diageo (LON:DGE) Insider Purchases £6,557.76 in Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni acquired 432 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of GBX 1,518 per share, with a total value of £6,557.76.

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

• On Tuesday, February 10th, John Alexander Manzoni bought 365 shares of Diageo stock. The shares were acquired at an average price of GBX 1,799 per share, for a total transaction of £6,566.35.
• On Monday, January 12th, John Alexander Manzoni bought 397 shares of Diageo stock. The stock was acquired at an average cost of GBX 1,649 per share, for a total transaction of £6,546.53.
• On Wednesday, December 10th, John Alexander Manzoni bought 410 shares of Diageo stock. The stock was acquired at an average cost of GBX 1,600 per share, for a total transaction of £6,560.

Diageo Trading Down 4.0%

DGE opened at GBX 1,432 on Friday. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The company has a market cap of £31.84 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.17. The firm has a 50 day simple moving average of GBX 1,674.04 and a 200 day simple moving average of GBX 1,746.34. Diageo plc has a fifty-two week low of GBX 1,420.50 and a fifty-two week high of GBX 2,215.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group cut their price target on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating for the company in a report on Friday, November 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,111.25.

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.