Diageo (LON:DGE) Insider Nik Jhangiani Acquires 9 Shares of Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 9 shares of the stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average cost of GBX 1,784 per share, for a total transaction of £160.56.

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

• On Monday, January 12th, Nik Jhangiani acquired 9 shares of Diageo stock. The stock was purchased at an average cost of GBX 1,639 per share, with a total value of £147.51.
• On Wednesday, December 10th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were purchased at an average price of GBX 1,604 per share, with a total value of £144.36.

Diageo Stock Up 1.2%

DGE stock opened at GBX 1,836.50 on Thursday. The company has a market cap of £40.83 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.75 and a beta of 0.36. 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 business’s 50-day moving average is GBX 1,658.30 and its two-hundred day moving average is GBX 1,792.43. Diageo plc has a fifty-two week low of GBX 1,421.50 and a fifty-two week high of GBX 2,226.

Wall Street Analyst Weigh In

DGE has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a report on Friday, November 28th. Citigroup lowered their target price on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research report on Monday, October 20th. Jefferies Financial Group reduced their price target on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,111.25.

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. 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.