Diageo (LON:DGE) Insider Buys 400 Shares of Company Stock

Key Points

• Diageo insider John Alexander Manzoni bought 400 shares at GBX 1,640 each, totaling £6,560. This follows two earlier purchases in August and September.
• Diageo shares rose to GBX 1,655.87, with a market capitalization of approximately £36.84 billion and a 12-month trading range of GBX 1,295.50 to GBX 1,903.90.
• Analysts remain generally positive, with four Buy and three Hold ratings. The stock has a “Moderate Buy” consensus and an average price target of GBX 2,033.86.

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni purchased 400 shares of the stock in a transaction on Monday, October 12th. The shares were purchased at an average price of GBX 1,640 per share, for a total transaction of £6,560.

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

• On Thursday, September 10th, John Alexander Manzoni purchased 414 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,585 per share, with a total value of £6,561.90.
• On Monday, August 10th, John Alexander Manzoni acquired 362 shares of Diageo stock. The stock was purchased at an average price of GBX 1,809 per share, with a total value of £6,548.58.

Diageo Price Performance

Shares of DGE traded up GBX 16.87 during midday trading on Monday, reaching GBX 1,655.87. The stock had a trading volume of 4,188,732 shares, compared to its average volume of 19,386,111. The company's 50-day moving average is GBX 1,665.63 and its 200 day moving average is GBX 1,565.38. Diageo plc has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 1,903.90. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. The company has a market capitalization of £36.84 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31.

Wall Street Analyst Weigh In

Several analysts have issued reports on DGE shares. Deutsche Bank Aktiengesellschaft cut their target price on Diageo from GBX 1,770 to GBX 1,734 and set a "hold" rating for the company in a research note on Wednesday, September 16th. Jefferies Financial Group lifted their price target on shares of 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 reissued an "outperform" rating and set a GBX 2,000 price target on shares of Diageo in a research note on Monday, August 24th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 2,223 price objective on shares of Diageo in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,033.86.

Diageo Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.