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

Diageo plc (LON:DGE) insider Nik Jhangiani bought 9 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were bought at an average price of GBX 1,784 per share, with a total value of £160.56.

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

• On Monday, January 12th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,639 per share, for a total transaction of £147.51.
• On Wednesday, December 10th, Nik Jhangiani purchased 9 shares of Diageo stock. The shares were acquired at an average price of GBX 1,604 per share, for a total transaction of £144.36.

Diageo Stock Up 0.4%

Shares of LON DGE opened at GBX 1,844.20 on Friday. Diageo plc has a 12-month low of GBX 1,421.50 and a 12-month high of GBX 2,226. The firm’s 50-day simple moving average is GBX 1,661.55 and its 200 day simple moving average is GBX 1,792.79. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The company has a market cap of £41.00 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a report on Monday, February 2nd. Citigroup lowered their price target on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft reduced their price objective 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. UBS Group reaffirmed a “buy” rating and issued a GBX 2,250 target price on shares of Diageo in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,111.25.

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.