Key Points
- Diageo insider buying: Insider John Rishton bought 3,274 shares of Diageo on May 18 at an average price of GBX 1,527, totaling about £49,994.
- Share price and valuation: Diageo shares were up 2.2% and opened at GBX 1,552.50, with the company currently valued at about £34.52 billion and trading at a P/E ratio of 14.35.
- Analyst outlook: Analysts remain generally constructive, with an average rating of “Moderate Buy” and an average price target of GBX 2,000, though some firms continue to hold neutral views.
Diageo plc (LON:DGE - Get Free Report) insider John Rishton acquired 3,274 shares of the business's stock in a transaction on Monday, May 18th. The shares were bought at an average cost of GBX 1,527 per share, with a total value of £49,993.98.
Diageo Trading Up 2.2%
Shares of DGE opened at GBX 1,552.50 on Tuesday. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. Diageo plc has a 1 year low of GBX 1,350 and a 1 year high of GBX 2,215. The company has a 50 day simple moving average of GBX 1,459.38 and a two-hundred day simple moving average of GBX 1,614.54. The firm has a market cap of £34.52 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 1.75 and a beta of 0.30.
Analysts Set New Price Targets
Several analysts have commented on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Diageo in a research note on Thursday, January 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,900 price target on shares of Diageo in a research note on Wednesday, May 6th. UBS Group reissued a "neutral" rating and set a GBX 1,600 price target on shares of Diageo in a research note on Tuesday, May 5th. 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 Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 1,650 price target on shares of Diageo in a research note on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 2,000.
Get Our Latest Report on DGE
About Diageo
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
