Diageo (LON:DGE) Insider Nik Jhangiani Purchases 8 Shares

Diageo plc (LON:DGE) insider Nik Jhangiani bought 8 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of GBX 1,861 per share, for a total transaction of £148.88.

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

• On Friday, October 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,831 per share, with a total value of £146.48.
• On Wednesday, September 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The shares were acquired at an average price of GBX 1,938 per share, with a total value of £155.04.

Diageo Stock Performance

Shares of LON:DGE opened at GBX 1,851 on Wednesday. Diageo plc has a one year low of GBX 1,664 and a one year high of GBX 2,619.50. The firm has a market cap of £41.15 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The firm’s 50 day simple moving average is GBX 1,818.29 and its 200-day simple moving average is GBX 1,933.86. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,400 target price on shares of Diageo in a research report on Wednesday, July 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a report on Thursday, August 7th. Berenberg Bank reduced their price target on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research report on Thursday, November 6th. UBS Group reiterated a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a report on Friday, October 31st. Finally, Citigroup lowered their price objective on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research report on Monday, October 20th. 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 currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,276.88.

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.