Nik Jhangiani Buys 7 Shares of Diageo plc (LON:DGE) Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 7 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of GBX 2,184 ($28.32) per share, with a total value of £152.88 ($198.26).

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

• On Monday, March 3rd, Nik Jhangiani sold 65,676 shares of Diageo stock. The shares were sold at an average price of GBX 2,165 ($28.08), for a total transaction of £1,421,885.40 ($1,843,970.17).
• On Monday, February 10th, Nik Jhangiani bought 7 shares of Diageo stock. The stock was acquired at an average price of GBX 2,211 ($28.67) per share, for a total transaction of £154.77 ($200.71).
• On Friday, January 10th, Nik Jhangiani purchased 5 shares of Diageo stock. The stock was bought at an average price of GBX 2,538 ($32.91) per share, with a total value of £126.90 ($164.57).

Diageo Stock Down 1.7 %

Shares of DGE opened at GBX 2,087 ($27.07) on Thursday. The firm has a market capitalization of £46.33 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo plc has a 12-month low of GBX 2,087 ($27.07) and a 12-month high of GBX 2,974.50 ($38.57). The firm has a fifty day moving average price of GBX 2,298.95 and a 200-day moving average price of GBX 2,420.34. 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 Analyst Weigh In

DGE has been the topic of several analyst reports. UBS Group raised Diageo to a “buy” rating and boosted their target price for the company from GBX 2,300 ($29.83) to GBX 2,920 ($37.87) in a research report on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($32.42) target price on shares of Diageo in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($36.31) price target for the company in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.31).

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.