Diageo (LON:DGE) Insider John Alexander Manzoni Purchases 414 Shares

Key Points

• Diageo insider John Alexander Manzoni purchased 414 shares at GBX 1,585 each, totaling £6,561.90. He has also bought shares in two earlier transactions this year.
• Diageo shares rose GBX 2 to GBX 1,600, with trading volume significantly above average. The company has a £35.58 billion market capitalization and trades at a P/E ratio of 20.54.
• Analyst sentiment is generally positive: Diageo has a consensus rating of “Moderate Buy” and an average price target of GBX 2,029, versus its current share price.

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni acquired 414 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost 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 acquired 362 shares of Diageo stock. The stock was acquired at an average cost of GBX 1,809 per share, for a total transaction of £6,548.58.
• On Friday, July 10th, John Alexander Manzoni bought 436 shares of Diageo stock. The stock was purchased at an average cost of GBX 1,503 per share, with a total value of £6,553.08.

Diageo Stock Performance

Shares of DGE stock traded up GBX 2 on Thursday, hitting GBX 1,600. 82,734,180 shares of the stock were exchanged, compared to its average volume of 21,609,887. The firm's 50 day moving average is GBX 1,640.04 and its two-hundred day moving average is GBX 1,555.45. Diageo plc has a one year low of GBX 1,295.50 and a one year high of GBX 1,938. The firm has a market capitalization of £35.58 billion, a PE ratio of 20.54, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on Diageo from GBX 2,000 to GBX 2,200 and gave the stock a "buy" rating in a report on Monday, August 10th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,700 price objective on shares of Diageo in a research report on Friday, August 7th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,223 price target on shares of Diageo in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Diageo presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,029.

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.

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