Diageo (LON:DGE) Insider Buys £147.15 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 9 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were bought at an average price 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 acquired 8 shares of Diageo stock. The stock was bought at an average price of GBX 400 per share, for a total transaction of GBX 3,200.

Diageo Stock Up 0.9%

Diageo stock opened at GBX 1,756 on Friday. The business has a 50 day simple moving average of GBX 1,669.84 and a 200-day simple moving average of GBX 1,574.80. Diageo plc has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,903.90. The stock has a market capitalization of £39.06 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62.

Analyst Upgrades and Downgrades

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

Diageo Company Profile

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.