Insider Buying: Diageo (LON:DGE) Insider Purchases 436 Shares of Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni bought 436 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of GBX 1,503 per share, with a total value of £6,553.08.

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

• On Wednesday, June 10th, John Alexander Manzoni purchased 441 shares of Diageo stock. The stock was bought at an average cost of GBX 1,488 per share, for a total transaction of £6,562.08.
• On Monday, May 11th, John Alexander Manzoni acquired 425 shares of Diageo stock. The stock was bought at an average price of GBX 1,545 per share, with a total value of £6,566.25.

Diageo Trading Down 0.2%

Shares of LON:DGE traded down GBX 2.37 during trading on Friday, reaching GBX 1,503.13. 36,193,609 shares of the company traded hands, compared to its average volume of 26,755,996. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. Diageo plc has a 52-week low of GBX 1,350 and a 52-week high of GBX 2,142. The firm has a market capitalization of £33.42 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.75 and a beta of 0.31. The business’s fifty day moving average is GBX 1,527.44 and its 200-day moving average is GBX 1,562.35.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DGE shares. Jefferies Financial Group reissued a “buy” rating and issued a £222.30 price target on shares of Diageo in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,759 target price on shares of Diageo in a report on Wednesday, June 24th. UBS Group reiterated a “neutral” rating and issued a GBX 1,600 price objective on shares of Diageo in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 4,554.88.

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.