Nik Jhangiani Purchases 9 Shares of Diageo (LON:DGE) Stock

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

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

• On Wednesday, December 10th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,604 per share, for a total transaction 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, with a total value of £148.88.

Diageo Trading Up 1.7%

Shares of DGE opened at GBX 1,691.50 on Thursday. Diageo plc has a fifty-two week low of GBX 1,564 and a fifty-two week high of GBX 2,565. The company has a market capitalization of £37.61 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The stock has a fifty day moving average of GBX 1,683.96 and a two-hundred day moving average of GBX 1,823. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Analyst Ratings Changes

A number of brokerages have issued reports on DGE. Berenberg Bank decreased their price target on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,300 price objective on shares of Diageo in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. Citigroup dropped 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 research report on Monday, October 20th. Finally, Royal Bank Of Canada upgraded shares of Diageo to an “outperform” rating and set a GBX 2,000 price target on the stock in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,148.75.

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.