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

Diageo plc (LON:DGE) insider Nik Jhangiani bought 7 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of GBX 2,184 ($28.32) per share, for a total transaction of £152.88 ($198.26).

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

• On Monday, March 3rd, Nik Jhangiani sold 65,676 shares of Diageo stock. The shares were sold at an average price of GBX 2,165 ($28.08), for a total transaction of £1,421,885.40 ($1,843,970.17).
• On Monday, February 10th, Nik Jhangiani acquired 7 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,211 ($28.67) per share, for a total transaction of £154.77 ($200.71).
• On Friday, January 10th, Nik Jhangiani acquired 5 shares of Diageo stock. The shares were bought at an average cost of GBX 2,538 ($32.91) per share, with a total value of £126.90 ($164.57).

Diageo Trading Down 1.7 %

Shares of Diageo stock opened at GBX 2,087 ($27.07) on Thursday. The company has a fifty day moving average of GBX 2,298.95 and a 200 day moving average of GBX 2,420.34. Diageo plc has a fifty-two week low of GBX 2,087 ($27.07) and a fifty-two week high of GBX 2,974.50 ($38.57). The company has a market capitalization of £46.33 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Analyst Ratings Changes

A number of brokerages have weighed in on DGE. UBS Group upgraded shares of Diageo to a “buy” rating and boosted their target price for the company from GBX 2,300 ($29.83) to GBX 2,920 ($37.87) in a research note on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($32.42) target price on shares of Diageo in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($36.31) price objective for the company in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.31).

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.