Nik Jhangiani Sells 27,786 Shares of Diageo (LON:DGE) Stock

Diageo plc (LON:DGE) insider Nik Jhangiani sold 27,786 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £416,790.

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

• On Monday, March 9th, Nik Jhangiani sold 19,871 shares of Diageo stock. The stock was sold at an average price of GBX 1,500, for a total transaction of £298,065.
• On Tuesday, February 10th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,784 per share, with a total value of £160.56.
• On Monday, January 12th, Nik Jhangiani purchased 9 shares of Diageo stock. The stock was bought at an average cost of GBX 1,639 per share, with a total value of £147.51.
• On Wednesday, December 10th, Nik Jhangiani purchased 9 shares of Diageo stock. The stock was bought at an average price of GBX 1,604 per share, for a total transaction of £144.36.

Diageo Stock Down 0.4%

Shares of DGE traded down GBX 6 on Tuesday, hitting GBX 1,515. 22,044,063 shares of the stock traded hands, compared to its average volume of 52,233,004. Diageo plc has a one year low of GBX 1,491 and a one year high of GBX 2,219.50. The business has a 50 day simple moving average of GBX 1,681.45 and a 200 day simple moving average of GBX 1,754.61. The company has a debt-to-equity ratio of 208.59, a quick ratio of 0.62 and a current ratio of 1.60. The company has a market capitalization of £33.69 billion, a PE ratio of 14.00, a P/E/G ratio of 1.75 and a beta of 0.17.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DGE. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Diageo from GBX 1,840 to GBX 1,790 and set a “hold” rating on the stock in a research note on Friday, November 28th. Jefferies Financial Group reduced their price target on shares of Diageo from GBX 2,300 to GBX 2,000 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 price target on shares of Diageo in a report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,111.25.

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.