Diageo plc (LON:DGE) Insider Javier Ferrán Purchases 352 Shares

Diageo plc (LON:DGE) insider Javier Ferrán bought 352 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of GBX 2,350 ($30.24) per share, for a total transaction of £8,272 ($10,644.70).

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

• On Thursday, October 10th, Javier Ferrán bought 324 shares of Diageo stock. The stock was acquired at an average price of GBX 2,531 ($32.57) per share, for a total transaction of £8,200.44 ($10,552.62).
• On Tuesday, September 10th, Javier Ferrán bought 339 shares of Diageo stock. The stock was acquired at an average price of GBX 2,444 ($31.45) per share, for a total transaction of £8,285.16 ($10,661.64).

Diageo Stock Performance

Diageo stock traded down GBX 4.50 ($0.06) during trading hours on Tuesday, reaching GBX 2,341 ($30.12). 51,113,734 shares of the company were exchanged, compared to its average volume of 8,171,818. The firm has a market cap of £51.97 billion, a price-to-earnings ratio of 1,767.42, a PEG ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The stock has a 50-day moving average of GBX 2,512.95 and a 200 day moving average of GBX 2,566.13. Diageo plc has a 12 month low of GBX 2,165.60 ($27.87) and a 12 month high of GBX 3,056 ($39.33).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,200 ($41.18) target price on shares of Diageo in a report on Thursday, August 22nd. Citigroup reissued a “buy” rating and issued a GBX 3,000 ($38.61) price target on shares of Diageo in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised Diageo to a “sector perform” rating and boosted their price target for the company from GBX 2,100 ($27.02) to GBX 2,400 ($30.88) in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus target price of GBX 3,008 ($38.71).

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.