Insider Buying: Diageo (LON:DGE) Insider Acquires £158.20 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 10 shares of Diageo stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of GBX 1,582 per share, with a total value of £158.20.

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

• On Monday, August 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The stock was bought at an average cost of GBX 400 per share, for a total transaction of GBX 3,200.
• On Friday, July 10th, Nik Jhangiani bought 10 shares of Diageo stock. The stock was bought at an average price of GBX 1,505 per share, for a total transaction of £150.50.

Diageo Stock Up 0.0%

DGE opened at GBX 1,603 on Monday. Diageo plc has a twelve month low of GBX 1,295.50 and a twelve month high of GBX 1,905.25. The company’s 50-day moving average price is GBX 1,643.42 and its two-hundred day moving average price is GBX 1,551.93. The stock has a market cap of £35.64 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.75 and a beta of 0.31. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 203.12.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DGE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,700 price objective on shares of Diageo in a report on Friday, August 7th. Jefferies Financial Group boosted their target price on Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research note on Monday, August 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,223 price target on shares of Diageo in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Monday, August 24th. Four 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 currently has an average rating of “Moderate Buy” and an average price target of GBX 2,029.

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.