Insider Buying: Diageo plc (LON:DGE) Insider Buys £8,291.94 in Stock

Diageo plc (LON:DGE) insider Javier Ferrán acquired 339 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of GBX 2,446 ($30.87) per share, for a total transaction of £8,291.94 ($10,465.66).

Javier Ferrán also recently made the following trade(s):

• On Monday, November 11th, Javier Ferrán bought 352 shares of Diageo stock. The shares were purchased at an average cost of GBX 2,350 ($29.66) per share, with a total value of £8,272 ($10,440.49).
• On Thursday, October 10th, Javier Ferrán purchased 324 shares of Diageo stock. The stock was acquired at an average price of GBX 2,531 ($31.94) per share, for a total transaction of £8,200.44 ($10,350.17).

Diageo Stock Up 2.3 %

DGE opened at GBX 2,618.50 ($33.05) on Friday. The company has a fifty day moving average of GBX 2,474.85 and a two-hundred day moving average of GBX 2,509.39. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. Diageo plc has a fifty-two week low of GBX 2,165.60 ($27.33) and a fifty-two week high of GBX 3,056 ($38.57). The stock has a market capitalization of £58.13 billion, a price-to-earnings ratio of 1,969.32, a PEG ratio of 1.75 and a beta of 0.36.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group raised shares of Diageo to a “buy” rating and upped their price objective for the company from GBX 2,300 ($29.03) to GBX 2,920 ($36.85) in a report on Thursday. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.34) target price for the company in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,200 ($40.39) price target on shares of Diageo in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 2,993.33 ($37.78).

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.