Diageo plc (LON:DGE) Insider Sells £1,421,885.40 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani sold 65,676 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.90), for a total transaction of £1,421,885.40 ($1,832,326.55).

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

• On Monday, February 10th, Nik Jhangiani bought 7 shares of Diageo stock. The shares were acquired at an average price of GBX 2,211 ($28.49) per share, for a total transaction of £154.77 ($199.45).
• On Friday, January 10th, Nik Jhangiani purchased 5 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,538 ($32.71) per share, with a total value of £126.90 ($163.53).

Diageo Stock Performance

LON:DGE opened at GBX 2,196.47 ($28.31) on Friday. The stock has a market capitalization of £48.76 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a 1 year low of GBX 2,098.50 ($27.04) and a 1 year high of GBX 2,974.50 ($38.33). The firm has a 50 day moving average of GBX 2,330.01 and a 200-day moving average of GBX 2,429.99. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57.

Analysts Set New Price Targets

Several research firms have recently weighed in on DGE. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,500 ($32.22) price objective on shares of Diageo in a research note on Tuesday, January 7th. UBS Group raised Diageo to a “buy” rating and boosted their price target for the company from GBX 2,300 ($29.64) to GBX 2,920 ($37.63) in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($36.08) price objective for the company 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. According to data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus price target of GBX 2,876.67 ($37.07).

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.