Insider Buying: Diageo (LON:DGE) Insider Acquires £144.36 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 9 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of GBX 1,604 per share, for a total transaction of £144.36.

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

• On Monday, November 10th, Nik Jhangiani bought 8 shares of Diageo stock. The shares were acquired at an average price of GBX 1,861 per share, with a total value of £148.88.
• On Friday, October 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,831 per share, with a total value of £146.48.

Diageo Trading Up 1.1%

Shares of LON DGE opened at GBX 1,664 on Friday. Diageo plc has a 12-month low of GBX 1,587 and a 12-month high of GBX 2,619.50. The stock’s 50 day simple moving average is GBX 1,758.73 and its 200 day simple moving average is GBX 1,872.04. The company has a market cap of £37.00 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Analyst Ratings Changes

Several brokerages recently issued reports on DGE. UBS Group restated a “buy” rating and set a GBX 2,250 price target on shares of Diageo in a research note on Friday, October 31st. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 price target on shares of Diageo in a research report on Friday, November 7th. Berenberg Bank dropped their target price on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. lowered their price objective on Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Finally, Citigroup reduced their price target on Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,198.75.

About Diageo

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company.