Nik Jhangiani Purchases 10 Shares of Diageo (LON:DGE) Stock

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 10 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of GBX 1,484 per share, for a total transaction of £148.40.

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

• On Monday, May 11th, Nik Jhangiani purchased 10 shares of Diageo stock. The stock was bought at an average price of GBX 1,542 per share, for a total transaction of £154.20.

Diageo Stock Performance

DGE traded down GBX 10.25 on Monday, reaching GBX 1,504.25. The company had a trading volume of 856,096,375 shares, compared to its average volume of 37,576,387. Diageo plc has a fifty-two week low of GBX 1,350 and a fifty-two week high of GBX 2,142. The stock has a market cap of £33.45 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.75 and a beta of 0.30. The company’s fifty day moving average is GBX 1,499.62 and its 200 day moving average is GBX 1,583.87. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DGE. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,000 price target on shares of Diageo in a research report on Monday, June 8th. UBS Group reiterated a “neutral” rating and set a GBX 1,600 price target on shares of Diageo in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,650 price objective on shares of Diageo in a research note on Tuesday, May 5th. Five 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 presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,012.50.

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.