Insider Buying: Diageo plc (LON:DGE) Insider Purchases 321 Shares of Stock

Key Points

• Diageo plc insider John Alexander Manzoni purchased 321 shares of the company's stock at an average price of GBX 2,046 ($27.48), totaling £6,567.66 ($8,821.57) on August 11th.
• Analysts have set a consensus rating of "Moderate Buy" for Diageo, with an average price target of GBX 2,393.14 ($32.14), following several recent recommendations from major banks.
• As of Tuesday, Diageo shares opened at GBX 2,061.60 ($27.69), having a market cap of £45.76 billion and a P/E ratio of 11.55.

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni acquired 321 shares of the business's stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of GBX 2,046 ($27.68) per share, for a total transaction of £6,567.66 ($8,886.02).

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

• On Wednesday, July 9th, John Alexander Manzoni bought 335 shares of Diageo stock. The shares were acquired at an average price of GBX 1,955 ($26.45) per share, with a total value of £6,549.25 ($8,861.11).
• On Tuesday, June 10th, John Alexander Manzoni bought 331 shares of Diageo stock. The shares were acquired at an average price of GBX 1,985 ($26.86) per share, with a total value of £6,570.35 ($8,889.66).

Diageo Trading Down 0.4%

LON DGE traded down GBX 9 ($0.12) during trading hours on Thursday, reaching GBX 2,026 ($27.41). The company's stock had a trading volume of 4,202,987 shares, compared to its average volume of 4,389,929. The firm has a fifty day simple moving average of GBX 1,923.14 and a 200-day simple moving average of GBX 2,051.01. The stock has a market cap of £44.97 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo plc has a 52 week low of GBX 1,797 ($24.31) and a 52 week high of GBX 2,677 ($36.22). The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DGE shares. JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Diageo from GBX 2,010 ($27.20) to GBX 2,060 ($27.87) and gave the stock a "hold" rating in a report on Tuesday, August 5th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 ($32.09) price target on shares of Diageo in a research report on Tuesday, August 5th. Citigroup reaffirmed a "buy" rating on shares of Diageo in a research report on Monday, August 4th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 2,500 ($33.82) price target on shares of Diageo in a research report on Tuesday, August 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 2,393.14 ($32.38).

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.