Insider Buying: Diageo (LON:DGE) Insider Acquires £151.68 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 8 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average cost of GBX 1,896 per share, for a total transaction of £151.68.

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

• On Monday, October 12th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were bought at an average price of GBX 1,635 per share, for a total transaction of £147.15.
• On Thursday, September 10th, Nik Jhangiani acquired 10 shares of Diageo stock. The shares were bought at an average price of GBX 1,582 per share, for a total transaction of £158.20.

Diageo Price Performance

DGE stock opened at GBX 1,898.50 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. Diageo plc has a one year low of GBX 1,295.50 and a one year high of GBX 1,927.50. The firm has a market capitalization of £42.23 billion, a PE ratio of 24.37, a P/E/G ratio of 1.75 and a beta of 0.31. The firm has a 50-day moving average of GBX 1,704.85 and a two-hundred day moving average of GBX 1,607.73.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Deutsche Bank upped their price target on shares of Diageo from GBX 1,734 to GBX 1,740 and gave the company a “hold” rating in a research report on Friday, November 6th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,223 price objective on shares of Diageo in a research report on Friday, November 6th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,200 target price on shares of Diageo in a research note on Thursday, November 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,960.50.

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.