Insider Buying: Diageo plc (LON:DGE) Insider Buys 7 Shares of Stock

Diageo plc (LON:DGE) insider Nik Jhangiani bought 7 shares of Diageo stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of GBX 2,211 ($27.32) per share, for a total transaction of £154.77 ($191.26).

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

• On Friday, January 10th, Nik Jhangiani bought 5 shares of Diageo stock. The stock was bought at an average price of GBX 2,538 ($31.36) per share, for a total transaction of £126.90 ($156.82).

Diageo Trading Down 1.4 %

Diageo stock traded down GBX 31.50 ($0.39) during midday trading on Tuesday, hitting GBX 2,164.50 ($26.75). 21,580,367 shares of the stock were exchanged, compared to its average volume of 4,456,134. The firm has a market cap of £48.05 billion, a PE ratio of 1,639.77, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The stock’s 50-day moving average price is GBX 2,442.75. Diageo plc has a fifty-two week low of GBX 2,156 ($26.64) and a fifty-two week high of GBX 3,056 ($37.77).

Wall Street Analyst Weigh In

Several research firms recently issued reports on DGE. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,500 ($30.89) target price on shares of Diageo in a research note on Tuesday, January 7th. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.60) price objective for the company in a research report on Friday, December 6th. Finally, UBS Group upgraded Diageo to a “buy” rating and boosted their price objective for the stock from GBX 2,300 ($28.42) to GBX 2,920 ($36.09) in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has an average rating of “Hold” and an average target price of GBX 2,876.67 ($35.55).

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.