Diageo plc (LON:DGE) Insider Nik Jhangiani Sells 65,676 Shares of Stock

Diageo plc (LON:DGE) insider Nik Jhangiani sold 65,676 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.70), for a total value of £1,421,885.40 ($1,818,965.59).

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

• On Monday, February 10th, Nik Jhangiani bought 7 shares of Diageo stock. The shares were bought at an average cost of GBX 2,211 ($28.28) per share, with a total value of £154.77 ($197.99).
• On Friday, January 10th, Nik Jhangiani bought 5 shares of Diageo stock. The shares were bought at an average cost of GBX 2,538 ($32.47) per share, with a total value of £126.90 ($162.34).

Diageo Trading Down 1.0 %

DGE stock opened at GBX 2,143 ($27.41) on Wednesday. The stock has a 50-day simple moving average of GBX 2,341.96. Diageo plc has a 1-year low of GBX 2,098.50 ($26.85) and a 1-year high of GBX 2,974.50 ($38.05). The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The company has a market cap of £47.57 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.75 and a beta of 0.36.

Analyst Ratings Changes

Several brokerages recently issued reports on DGE. UBS Group raised Diageo to a “buy” rating and raised their target price for the stock from GBX 2,300 ($29.42) to GBX 2,920 ($37.35) in a research report on Thursday, December 12th. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.82) price objective for the company in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($31.98) price objective on shares of Diageo in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,876.67 ($36.80).

About Diageo

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.