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

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 7 shares of the business’s stock in a transaction on Monday, February 10th. The stock was purchased at an average price of GBX 2,211 ($27.52) per share, for a total transaction of £154.77 ($192.64).

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

• On Friday, January 10th, Nik Jhangiani acquired 5 shares of Diageo stock. The stock was purchased at an average price of GBX 2,538 ($31.59) per share, for a total transaction of £126.90 ($157.95).

Diageo Stock Down 1.7 %

Shares of LON:DGE opened at GBX 2,134 ($26.56) on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. Diageo plc has a fifty-two week low of GBX 2,125 ($26.45) and a fifty-two week high of GBX 3,056 ($38.04). The firm’s 50-day simple moving average is GBX 2,439.07. The company has a market cap of £47.37 billion, a P/E ratio of 1,616.67, a PEG ratio of 1.75 and a beta of 0.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DGE shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,500 ($31.12) target price on shares of Diageo in a research note on Tuesday, January 7th. UBS Group upgraded shares of Diageo to a “buy” rating and upped their target price for the company from GBX 2,300 ($28.63) to GBX 2,920 ($36.35) in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.85) target price on the stock in a research note on Friday, December 6th. One equities 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 company’s stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and an average price target of GBX 2,876.67 ($35.81).

About Diageo

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.