Diageo (LON:DGE) Insider Buys £160.56 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 9 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were bought at an average price of GBX 1,784 per share, with a total value of £160.56.

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

• On Monday, January 12th, Nik Jhangiani bought 9 shares of Diageo stock. The stock was bought at an average price of GBX 1,639 per share, for a total transaction of £147.51.
• On Wednesday, December 10th, Nik Jhangiani bought 9 shares of Diageo stock. The shares were bought at an average cost of GBX 1,604 per share, for a total transaction of £144.36.

Diageo Trading Down 0.9%

LON:DGE opened at GBX 1,832 on Friday. The stock has a fifty day simple moving average of GBX 1,664.47 and a 200 day simple moving average of GBX 1,792. The firm has a market capitalization of £40.73 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a 1-year low of GBX 1,421.50 and a 1-year high of GBX 2,226. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup decreased their price objective 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 target price on shares of Diageo in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a report on Friday, November 28th. Berenberg Bank dropped their target price on Diageo from GBX 2,372 to GBX 2,370 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,111.25.

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.