Diageo plc (LON:DGE) Insider Nik Jhangiani Acquires 7 Shares

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 7 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of GBX 2,184 ($28.12) per share, with a total value of £152.88 ($196.83).

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 ($27.87), for a total transaction of £1,421,885.40 ($1,830,675.16).
• On Monday, February 10th, Nik Jhangiani acquired 7 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,211 ($28.47) per share, with a total value of £154.77 ($199.27).
• On Friday, January 10th, Nik Jhangiani bought 5 shares of Diageo stock. The shares were acquired at an average price of GBX 2,538 ($32.68) per share, for a total transaction of £126.90 ($163.38).

Diageo Stock Up 0.3 %

Shares of DGE opened at GBX 2,183 ($28.11) on Tuesday. The stock has a fifty day moving average price of GBX 2,316.22. Diageo plc has a 12-month low of GBX 21.84 ($0.28) and a 12-month high of GBX 2,974.50 ($38.30). The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The company has a market cap of £48.46 billion, a PE ratio of 12.23, a P/E/G ratio of 1.75 and a beta of 0.36.

Analyst Upgrades and Downgrades

DGE has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($32.19) price target on shares of Diageo in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($36.05) target price on the stock in a research note on Friday, December 6th. Finally, UBS Group upgraded shares of Diageo to a “buy” rating and raised their price target for the stock from GBX 2,300 ($29.61) to GBX 2,920 ($37.59) in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of GBX 2,876.67 ($37.04).

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.