Key Points
- Diageo insider John Alexander Manzoni bought 362 shares at GBX 1,809 each, totaling approximately £6,549; he has also made two similar purchases in recent months.
- Analyst sentiment is generally favorable, with Diageo holding a “Moderate Buy” consensus rating and an average price target of GBX 2,029. Jefferies raised its target to GBX 2,200, while Deutsche Bank and UBS maintained more cautious ratings.
- Diageo shares opened at GBX 1,766, below the average analyst target, with a market capitalization of approximately £39.27 billion and a 12-month trading range of GBX 1,295.50 to GBX 2,142.
Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni acquired 362 shares of the company's stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of GBX 1,809 per share, with a total value of £6,548.58.
John Alexander Manzoni also recently made the following trade(s):
- On Friday, July 10th, John Alexander Manzoni bought 436 shares of Diageo stock. The shares were acquired at an average price of GBX 1,503 per share, with a total value of £6,553.08.
- On Wednesday, June 10th, John Alexander Manzoni bought 441 shares of Diageo stock. The shares were acquired at an average price of GBX 1,488 per share, with a total value of £6,562.08.
Diageo Stock Down 1.5%
Shares of DGE opened at GBX 1,766 on Wednesday. The business's 50 day moving average is GBX 1,565.29 and its 200 day moving average is GBX 1,561.11. The company has a market capitalization of £39.27 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. Diageo plc has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 2,142. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 197.88.
Analysts Set New Price Targets
Several research firms have recently issued reports on DGE. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,700 price objective on shares of Diageo in a research report on Friday, August 7th. UBS Group restated a "neutral" rating and set a GBX 1,600 target price on shares of Diageo in a research report on Tuesday, May 5th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,223 target price on shares of Diageo in a research note on Friday, August 7th. Jefferies Financial Group lifted their price target on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the company a "buy" rating in a report on Monday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Diageo currently has an average rating of "Moderate Buy" and an average price target of GBX 2,029.
Check Out Our Latest Research Report on Diageo
More Diageo News
Here are the key news stories impacting Diageo this week:
- Positive Sentiment: Jefferies raised its price target for Diageo from GBX 2,000 to GBX 2,200 and maintained a “buy” rating, suggesting the broker sees further upside from current levels. Broker views
- Positive Sentiment: Insiders reported recent purchases, including 362 shares bought by John Alexander Manzoni for approximately £6,549 and eight shares bought by Nik Jhangiani for GBX 3,200. The transactions provide a modest confidence signal, although their relatively small size limits their significance.
- Positive Sentiment: Recent momentum has improved: Diageo’s share price was reported to have risen about 11% over the previous week, indicating renewed investor interest following earlier weakness. Diageo share price momentum
- Positive Sentiment: Berenberg reiterated its “buy” rating, reinforcing the broader positive broker stance on the spirits company. Berenberg buy rating
- Neutral Sentiment: Deutsche Bank reiterated its “hold” rating, indicating that some analysts remain cautious about near-term upside despite the more bullish Jefferies and Berenberg views. Deutsche Bank hold rating
- Negative Sentiment: Indian authorities seized thousands of Diageo whisky and vodka bottles during a food-safety crackdown. The incident could create regulatory, distribution and reputational risks in an important market, although the reports do not establish wrongdoing by Diageo. India seizes Diageo bottles
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.
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