Insider Buying: Diageo (LON:DGE) Insider Purchases £151.68 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 8 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were purchased at an average cost 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 acquired at an average cost of GBX 1,635 per share, with a total value of £147.15.
• On Thursday, September 10th, Nik Jhangiani bought 10 shares of Diageo stock. The shares were bought at an average cost of GBX 1,582 per share, with a total value of £158.20.

Diageo Price Performance

Diageo stock opened at GBX 1,865 on Wednesday. Diageo plc has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,915. The stock’s 50 day moving average is GBX 1,691.28 and its 200-day moving average is GBX 1,604.21. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. The company has a market capitalization of £41.49 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.75 and a beta of 0.31.

Wall Street Analyst Weigh In

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