Diageo plc (LON:DGE) Insider Buys £152.88 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 7 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of GBX 2,184 ($28.23) per share, with a total value of £152.88 ($197.62).

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

• On Monday, March 3rd, Nik Jhangiani sold 65,676 shares of Diageo stock. The stock was sold at an average price of GBX 2,165 ($27.99), for a total value of £1,421,885.40 ($1,838,011.12).
• On Monday, February 10th, Nik Jhangiani acquired 7 shares of Diageo stock. The stock was purchased at an average price of GBX 2,211 ($28.58) per share, with a total value of £154.77 ($200.06).
• On Friday, January 10th, Nik Jhangiani acquired 5 shares of Diageo stock. The stock was acquired at an average price of GBX 2,538 ($32.81) per share, with a total value of £126.90 ($164.04).

Diageo Trading Up 0.3 %

Shares of DGE traded up GBX 6.50 ($0.08) during mid-day trading on Monday, reaching GBX 2,183 ($28.22). The company’s stock had a trading volume of 5,792,136 shares, compared to its average volume of 3,956,444. Diageo plc has a 52 week low of GBX 21.84 ($0.28) and a 52 week high of GBX 2,974.50 ($38.45). The firm has a market capitalization of £48.46 billion, a PE ratio of 12.23, a PEG ratio of 1.75 and a beta of 0.36. The stock’s fifty day moving average price is GBX 2,322.84. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DGE shares. UBS Group upgraded Diageo to a “buy” rating and increased their price objective for the stock from GBX 2,300 ($29.73) to GBX 2,920 ($37.75) in a research report on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,500 ($32.32) price objective on shares of Diageo in a report on Tuesday, January 7th. Finally, Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($36.19) target price on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.19).

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.