Nik Jhangiani Buys 5 Shares of Diageo plc (LON:DGE) Stock

Diageo plc (LON:DGE) insider Nik Jhangiani bought 5 shares of Diageo stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of GBX 2,538 ($30.99) per share, with a total value of £126.90 ($154.93).

Diageo Stock Down 2.6 %

DGE opened at GBX 2,330 ($28.45) on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The stock’s 50-day simple moving average is GBX 2,438.11. Diageo plc has a fifty-two week low of GBX 2,165.60 ($26.44) and a fifty-two week high of GBX 3,056 ($37.31). The firm has a market capitalization of £51.73 billion, a price-to-earnings ratio of 1,765.15, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DGE. UBS Group raised shares of Diageo to a “buy” rating and raised their price objective for the stock from GBX 2,300 ($28.08) to GBX 2,920 ($35.65) in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($30.52) price objective on shares of Diageo in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($34.18) target price on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 2,876.67 ($35.12).

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.