Diageo (LON:DGE) Insider Acquires £6,566.76 in Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni acquired 348 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of GBX 1,887 per share, for a total transaction of £6,566.76.

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

• On Monday, October 12th, John Alexander Manzoni acquired 400 shares of Diageo stock. The stock was acquired at an average price of GBX 1,640 per share, with a total value of £6,560.
• On Thursday, September 10th, John Alexander Manzoni bought 414 shares of Diageo stock. The shares were bought at an average price of GBX 1,585 per share, for a total transaction of £6,561.90.

Diageo Price Performance

Shares of LON:DGE opened at GBX 1,897.70 on Friday. Diageo plc has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 1,915. The business has a 50-day moving average of GBX 1,700.21 and a two-hundred day moving average of GBX 1,606.35. The stock has a market capitalization of £42.22 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DGE shares. Berenberg Bank reiterated a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a report on Friday, November 6th. Deutsche Bank raised their price objective on shares of Diageo from GBX 1,734 to GBX 1,740 and gave the stock a “hold” rating in a research note on Friday, November 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,200 target price on shares of Diageo in a research note on Thursday, November 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a report on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Diageo has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,960.50.

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.