Diageo (LON:DGE) Insider Nik Jhangiani Purchases 10 Shares

Diageo plc (LON:DGE) insider Nik Jhangiani bought 10 shares of the stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of GBX 1,519 per share, for a total transaction of £151.90.

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

• On Monday, March 9th, Nik Jhangiani sold 19,871 shares of Diageo stock. The shares were sold at an average price of GBX 1,500, for a total transaction of £298,065.
• On Monday, March 9th, Nik Jhangiani sold 27,786 shares of Diageo stock. The shares were sold at an average price of GBX 1,500, for a total transaction of £416,790.
• On Tuesday, February 10th, Nik Jhangiani purchased 9 shares of Diageo stock. The stock was bought at an average price of GBX 1,784 per share, for a total transaction of £160.56.
• On Monday, January 12th, Nik Jhangiani purchased 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.

Diageo Stock Down 2.4%

DGE opened at GBX 1,492 on Thursday. The company has a market capitalization of £33.17 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.17. The firm has a 50-day simple moving average of GBX 1,677.47 and a two-hundred day simple moving average of GBX 1,748.53. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 208.59. Diageo plc has a 52 week low of GBX 1,489 and a 52 week high of GBX 2,215.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price target on shares of Diageo in a report on Wednesday, March 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a research report on Thursday, January 22nd. Jefferies Financial Group lowered their target price on Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research report on Friday, November 28th. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,111.25.

More Diageo News

Here are the key news stories impacting Diageo this week:

• Positive Sentiment: Chair John (Sir John) Manzoni bought 432 shares at ~GBX 1,518 on March 10 — a direct insider purchase that signals board-level confidence and can be supportive for sentiment. Diageo (LON:DGE) Insider Purchases £6,557.76 in Stock
• Positive Sentiment: Director Nik Jhangiani reported a very small purchase (10 shares) on March 10 — token insider buying that marginally offsets larger sales. Nik Jhangiani Buys 10 Shares of Diageo (LON:DGE) Stock
• Neutral Sentiment: Analyst coverage is mixed: Jefferies and Deutsche Bank have trimmed price targets while RBC reaffirmed an outperform stance; the consensus remains a “Moderate Buy” but with lower near-term upside, which keeps expectations tempered. Diageo Stock / Analyst Notes
• Negative Sentiment: Diageo shares slid and underperformed the market in today’s session; heavy trading volume amplified downside. That broad sell pressure is cited by market headlines as the proximate cause of the drop. Diageo slides Wednesday, underperforms market
• Negative Sentiment: Significant insider selling by Nik Jhangiani on March 9 (two disposals of ~19,871 and ~27,786 shares at ~GBX 1,500 each, totaling roughly £715k) likely added selling pressure and weighed on investor confidence. Diageo Insider Trades

About Diageo

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.