Diageo plc (LON:DGE) Insider Nik Jhangiani Buys 7 Shares of Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 7 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of GBX 2,046 ($27.62) per share, with a total value of £143.22 ($193.36).

Nik Jhangiani also recently made the following trade(s):

• On Thursday, July 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The stock was bought at an average cost of GBX 1,951 ($26.34) per share, with a total value of £156.08 ($210.72).
• On Tuesday, June 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The stock was bought at an average cost of GBX 1,992 ($26.89) per share, with a total value of £159.36 ($215.15).

Diageo Stock Performance

Diageo stock opened at GBX 2,062 ($27.84) on Wednesday. The firm has a market capitalization of £45.77 billion, a P/E ratio of 11.55, a PEG ratio of 1.75 and a beta of 0.36. The stock has a fifty day moving average price of GBX 1,921.67 and a 200 day moving average price of GBX 2,054.37. Diageo plc has a 52 week low of GBX 1,797 ($24.26) and a 52 week high of GBX 2,677 ($36.14). The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group raised Diageo to a “neutral” rating and set a GBX 2,000 ($27.00) price target for the company in a report on Thursday, August 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,372 ($32.02) price target on shares of Diageo in a report on Tuesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,500 ($33.75) target price on shares of Diageo in a research note on Tuesday, August 5th. Citigroup reiterated a “buy” rating on shares of Diageo in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,393.14 ($32.31).

Diageo Company Profile

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.