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

Diageo plc (LON:DGE) insider Nik Jhangiani bought 9 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of GBX 1,604 per share, with a total value of £144.36.

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

• On Monday, November 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,861 per share, for a total transaction of £148.88.
• On Friday, October 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The shares were purchased at an average price of GBX 1,831 per share, for a total transaction of £146.48.

Diageo Stock Performance

DGE stock traded up GBX 45.26 during trading on Thursday, hitting GBX 1,647.26. 32,200,061 shares of the company’s stock traded hands, compared to its average volume of 8,585,398. The stock has a market capitalization of £36.63 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a 52 week low of GBX 1,587 and a 52 week high of GBX 2,619.50. The stock has a fifty day moving average price of GBX 1,764.32 and a two-hundred day moving average price of GBX 1,877.28. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DGE shares. JPMorgan Chase & Co. dropped their price objective on shares of Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Berenberg Bank dropped 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. Deutsche Bank Aktiengesellschaft cut their price target 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. UBS Group restated a “buy” rating and set a GBX 2,250 price objective on shares of Diageo in a research note on Friday, October 31st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,300 target price on shares of Diageo in a research note on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,198.75.

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.