Insider Buying: Diageo (LON:DGE) Insider Acquires £147.51 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 9 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were purchased at an average cost of GBX 1,639 per share, with a total value of £147.51.

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

• On Wednesday, December 10th, Nik Jhangiani bought 9 shares of Diageo stock. The stock was acquired at an average cost of GBX 1,604 per share, for a total transaction of £144.36.
• On Monday, November 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,861 per share, with a total value of £148.88.

Diageo Trading Down 0.8%

LON:DGE opened at GBX 1,678.50 on Friday. Diageo plc has a 1 year low of GBX 1,564 and a 1 year high of GBX 2,565. The stock has a market cap of £37.32 billion, a P/E ratio of 15.88, 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. The stock has a 50-day simple moving average of GBX 1,683.93 and a 200-day simple moving average of GBX 1,822.

Analysts Set New Price Targets

A number of research firms have weighed in on DGE. Royal Bank Of Canada raised shares of Diageo to an “outperform” rating and set a GBX 2,000 price objective on the stock in a report on Tuesday, January 6th. Jefferies Financial Group dropped their target price on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research report on Thursday. Citigroup cut their price target on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating on the stock in a research note on Monday, October 20th. Berenberg Bank decreased their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,111.25.

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.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.