Nik Jhangiani Purchases 9 Shares of Diageo (LON:DGE) Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 9 shares of the stock in a transaction dated Monday, January 12th. The stock was acquired at an average price of GBX 1,639 per share, for a total transaction of £147.51.

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

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

Diageo Price Performance

Diageo stock traded down GBX 10.50 during mid-day trading on Tuesday, hitting GBX 1,664. 4,627,954 shares of the company were exchanged, compared to its average volume of 121,199,383. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The business’s 50 day simple moving average is GBX 1,688.47 and its two-hundred day simple moving average is GBX 1,825.13. The company has a market capitalization of £37.00 billion, a P/E ratio of 15.74, a PEG ratio of 1.75 and a beta of 0.36. Diageo plc has a 12-month low of GBX 1,564 and a 12-month high of GBX 2,565.

Analysts Set New Price Targets

Several research analysts recently weighed in on DGE shares. Citigroup cut their target price on shares of Diageo from GBX 2,750 to GBX 2,480 and set a “buy” rating for the company in a research note on Monday, October 20th. Berenberg Bank lowered their price target on shares of Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating for the company in a report on Thursday, November 6th. 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 research note on Tuesday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of Diageo from GBX 2,500 to GBX 2,000 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,250 price target on shares of Diageo in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,148.75.

Diageo Company Profile

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.