Diageo (LON:DGE) Insider Nik Jhangiani Buys 10 Shares of Stock

Diageo plc (LON:DGE) insider Nik Jhangiani bought 10 shares of Diageo stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of GBX 1,519 per share, for a total transaction of £151.90.

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

• On Monday, March 9th, Nik Jhangiani sold 19,871 shares of Diageo stock. The stock was sold at an average price of GBX 1,500, for a total value of £298,065.
• On Monday, March 9th, Nik Jhangiani sold 27,786 shares of Diageo stock. The shares were sold at an average price of GBX 1,500, for a total value of £416,790.
• On Tuesday, February 10th, Nik Jhangiani purchased 9 shares of Diageo stock. The stock was bought at an average price of GBX 1,784 per share, with a total value of £160.56.
• On Monday, January 12th, Nik Jhangiani bought 9 shares of Diageo stock. The stock was bought at an average cost of GBX 1,639 per share, with a total value of £147.51.

Diageo Stock Down 0.4%

DGE stock opened at GBX 1,515 on Wednesday. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The stock has a market capitalization of £33.69 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.75 and a beta of 0.17. Diageo plc has a fifty-two week low of GBX 1,491 and a fifty-two week high of GBX 2,219.50. The business has a 50-day moving average of GBX 1,679.70 and a 200-day moving average of GBX 1,750.34.

Wall Street Analyst Weigh In

Several brokerages recently commented on DGE. Jefferies Financial Group lowered their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered their price target on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Diageo has an average rating of “Moderate Buy” and an average target price of GBX 2,111.25.

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. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.