Diageo (LON:DGE) Insider Nik Jhangiani Buys 8 Shares of Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 8 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average price of GBX 1,831 per share, for a total transaction of £146.48.

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

• On Wednesday, September 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The shares were purchased at an average price of GBX 1,938 per share, for a total transaction of £155.04.
• On Monday, August 11th, Nik Jhangiani purchased 7 shares of Diageo stock. The shares were purchased at an average price of GBX 2,046 per share, for a total transaction of £143.22.

Diageo Stock Down 0.3%

DGE stock opened at GBX 1,791.98 on Tuesday. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The firm has a market cap of £39.84 billion, a PE ratio of 1,695.35, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo plc has a one year low of GBX 1,736.87 and a one year high of GBX 2,677. The firm’s fifty day moving average is GBX 1,928.20 and its 200 day moving average is GBX 1,973.21.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a report on Thursday, August 7th. The Goldman Sachs Group raised shares of Diageo to a “neutral” rating and set a GBX 2,000 price objective on the stock in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Diageo from GBX 2,010 to GBX 2,060 and gave the company a “hold” rating in a report on Tuesday, August 5th. Citigroup reissued a “buy” rating on shares of Diageo in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,400 price target on shares of Diageo in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Diageo presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,378.86.

About Diageo

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.