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

Diageo plc (LON:DGE) insider Nik Jhangiani bought 7 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of GBX 2,184 ($28.28) per share, with a total value of £152.88 ($197.93).

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 ($28.03), for a total transaction of £1,421,885.40 ($1,840,866.65).
• On Monday, February 10th, Nik Jhangiani purchased 7 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,211 ($28.63) per share, with a total value of £154.77 ($200.38).
• On Friday, January 10th, Nik Jhangiani purchased 5 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,538 ($32.86) per share, with a total value of £126.90 ($164.29).

Diageo Trading Down 2.7 %

Diageo stock opened at GBX 2,124.50 ($27.51) on Wednesday. The stock has a market cap of £47.16 billion, a PE ratio of 11.90, a P/E/G ratio of 1.75 and a beta of 0.36. The stock’s fifty day moving average price is GBX 2,307.96. Diageo plc has a 12-month low of GBX 2,098.50 ($27.17) and a 12-month high of GBX 2,974.50 ($38.51). 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

Several equities analysts have commented on DGE shares. UBS Group raised shares of Diageo to a “buy” rating and raised their price target for the company from GBX 2,300 ($29.78) to GBX 2,920 ($37.80) in a research report on Thursday, December 12th. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($36.25) price objective for the company in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,500 ($32.37) price objective on shares of Diageo in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.24).

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.