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An announcement from Diageo ( (GB:DGE) ) is now available.
Diageo plc announced that Sir John Manzoni, the Chair of the company, purchased 358 ordinary shares at £18.33 each on the London Stock Exchange. This transaction, disclosed in accordance with UK Market Abuse Regulation, highlights the confidence of the company’s leadership in its market position and future prospects.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £24.50 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Spark’s Take on GB:DGE Stock
According to Spark, TipRanks’ AI Analyst, GB:DGE is a Neutral.
Diageo’s overall stock score is driven by strong financial performance, despite challenges in profitability and cash flow stability. The technical analysis indicates a bearish trend, and the valuation suggests potential overvaluation. The dividend yield offers some appeal to income investors.
To see Spark’s full report on GB:DGE stock, click here.
More about Diageo
Diageo plc is a leading company in the alcoholic beverages industry, known for its production and distribution of spirits, beer, and wine. The company has a significant market presence globally, with a focus on premium brands.
Average Trading Volume: 4,540,190
Technical Sentiment Signal: Sell
Current Market Cap: £39.87B
For a thorough assessment of DGE stock, go to TipRanks’ Stock Analysis page.