Diageo (LON:DGE) Stock: Insider Nik Jhangiani Acquires 9 Shares

Diageo plc (LON:DGE) insider Nik Jhangiani purchased 9 shares of the stock in a transaction on Monday, October 12th. The shares were purchased at an average cost of GBX 1,635 per share, with a total value of £147.15.

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

• On Thursday, September 10th, Nik Jhangiani purchased 10 shares of Diageo stock. The shares were purchased at an average price of GBX 1,582 per share, for a total transaction of £158.20.
• On Monday, August 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The shares were purchased at an average price of GBX 400 per share, for a total transaction of GBX 3,200.

Diageo Stock Up 1.6%

Shares of DGE stock opened at GBX 1,739.50 on Thursday. The stock’s 50-day simple moving average is GBX 1,669.23 and its 200-day simple moving average is GBX 1,572.26. The company has a debt-to-equity ratio of 203.12, a quick ratio of 0.62 and a current ratio of 1.60. The firm has a market capitalization of £38.70 billion, a PE ratio of 22.33, a P/E/G ratio of 1.75 and a beta of 0.31. Diageo plc has a fifty-two week low of GBX 1,295.50 and a fifty-two week high of GBX 1,903.90.

Analysts Set New Price Targets

DGE has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,200 target price on shares of Diageo in a report on Wednesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,223 price target on shares of Diageo in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Diageo from GBX 1,770 to GBX 1,734 and set a “hold” rating for the company in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,033.86.

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.