Diageo (LON:DGE) Insider Acquires £151.68 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani bought 8 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average price of GBX 1,896 per share, for a total transaction of £151.68.

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

• On Monday, October 12th, Nik Jhangiani purchased 9 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,635 per share, for a total transaction of £147.15.
• On Thursday, September 10th, Nik Jhangiani bought 10 shares of Diageo stock. The stock was purchased at an average price of GBX 1,582 per share, for a total transaction of £158.20.

Diageo Stock Down 1.6%

Shares of LON DGE opened at GBX 1,865 on Wednesday. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The company has a 50-day moving average price of GBX 1,691.28 and a 200-day moving average price of GBX 1,604.21. The stock has a market capitalization of £41.49 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.75 and a beta of 0.31. Diageo plc has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 1,915.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Berenberg Bank restated a “buy” rating and issued a GBX 2,223 price objective on shares of Diageo in a research note on Friday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Diageo from GBX 1,734 to GBX 1,740 and gave the company a “hold” rating in a research report on Friday, November 6th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research report on Monday, August 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,200 price objective on shares of Diageo in a research note on Thursday, November 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,960.50.

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. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.