Diageo (LON:DGE) Insider Buys £147.51 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 9 shares of the company’s stock in a transaction on Monday, January 12th. The stock was purchased at an average cost of GBX 1,639 per share, for a total transaction of £147.51.

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

• On Wednesday, December 10th, Nik Jhangiani bought 9 shares of Diageo stock. The stock was purchased at an average price of GBX 1,604 per share, with a total value of £144.36.
• On Monday, November 10th, Nik Jhangiani bought 8 shares of Diageo stock. The stock was purchased at an average cost of GBX 1,861 per share, for a total transaction of £148.88.

Diageo Stock Performance

Shares of Diageo stock traded down GBX 10.50 on Tuesday, reaching GBX 1,664. 4,627,954 shares of the stock were exchanged, compared to its average volume of 121,199,383. The firm has a market capitalization of £37.00 billion, a PE ratio of 15.74, a PEG ratio of 1.75 and a beta of 0.36. Diageo plc has a 1-year low of GBX 1,564 and a 1-year high of GBX 2,565. The business has a fifty day moving average price of GBX 1,688.47 and a two-hundred day moving average price of GBX 1,825.13. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Wall Street Analysts Forecast Growth

DGE has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,300 target price on shares of Diageo in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research note on Friday, November 28th. Citigroup cut their price target on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a report on Monday, October 20th. Finally, Berenberg Bank decreased their price objective on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,148.75.

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. 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.