Diageo plc (LON:DGE) Insider Purchases £154.77 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani bought 7 shares of the stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of GBX 2,211 ($27.32) per share, with a total value of £154.77 ($191.26).

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

• On Friday, January 10th, Nik Jhangiani bought 5 shares of Diageo stock. The stock was bought at an average cost of GBX 2,538 ($31.36) per share, for a total transaction of £126.90 ($156.82).

Diageo Stock Down 1.4 %

DGE traded down GBX 31.50 ($0.39) during trading hours on Tuesday, reaching GBX 2,164.50 ($26.75). 21,580,367 shares of the company’s stock traded hands, compared to its average volume of 4,456,134. The company’s 50-day moving average price is GBX 2,442.75. The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The firm has a market capitalization of £48.05 billion, a price-to-earnings ratio of 1,639.77, a PEG ratio of 1.75 and a beta of 0.36. Diageo plc has a 52-week low of GBX 2,156 ($26.64) and a 52-week high of GBX 3,056 ($37.77).

Wall Street Analysts Forecast Growth

DGE has been the topic of a number of research analyst reports. UBS Group raised Diageo to a “buy” rating and upped their price target for the company from GBX 2,300 ($28.42) to GBX 2,920 ($36.09) in a report on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,500 ($30.89) price objective on shares of Diageo in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($34.60) price target for the company in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and a consensus target price of GBX 2,876.67 ($35.55).

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.