Diageo plc (LON:DGE) Insider Nik Jhangiani Acquires 7 Shares

Diageo plc (LON:DGE) insider Nik Jhangiani bought 7 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of GBX 2,184 ($28.12) per share, with a total value of £152.88 ($196.83).

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

• On Monday, March 3rd, Nik Jhangiani sold 65,676 shares of Diageo stock. The shares were sold at an average price of GBX 2,165 ($27.87), for a total transaction of £1,421,885.40 ($1,830,675.16).
• On Monday, February 10th, Nik Jhangiani acquired 7 shares of Diageo stock. The stock was bought at an average cost of GBX 2,211 ($28.47) per share, with a total value of £154.77 ($199.27).
• On Friday, January 10th, Nik Jhangiani bought 5 shares of Diageo stock. The shares were bought at an average cost of GBX 2,538 ($32.68) per share, for a total transaction of £126.90 ($163.38).

Diageo Stock Up 0.3 %

Shares of LON:DGE opened at GBX 2,183 ($28.11) on Tuesday. The company has a market cap of £48.46 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.75 and a beta of 0.36. Diageo plc has a 12-month low of GBX 21.84 ($0.28) and a 12-month high of GBX 2,974.50 ($38.30). The stock’s fifty day moving average is GBX 2,316.22. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DGE shares. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($36.05) price target for the company in a research note on Friday, December 6th. UBS Group upgraded Diageo to a “buy” rating and increased their target price for the company from GBX 2,300 ($29.61) to GBX 2,920 ($37.59) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($32.19) price target on shares of Diageo in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.04).

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.