Diageo plc (LON:DGE) Insider Nik Jhangiani Purchases 7 Shares

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 7 shares of Diageo stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of GBX 2,211 ($27.79) per share, for a total transaction of £154.77 ($194.51).

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

• On Friday, January 10th, Nik Jhangiani acquired 5 shares of Diageo stock. The stock was bought at an average price of GBX 2,538 ($31.90) per share, for a total transaction of £126.90 ($159.48).

Diageo Stock Up 2.4 %

DGE stock opened at GBX 2,185 ($27.46) on Friday. The stock’s 50 day simple moving average is GBX 2,434.40. The stock has a market capitalization of £48.50 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a fifty-two week low of GBX 2,125 ($26.71) and a fifty-two week high of GBX 3,056 ($38.41). The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Wall Street Analysts Forecast Growth

DGE has been the subject of several research reports. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($35.19) target price for the company in a research report on Friday, December 6th. UBS Group raised Diageo to a “buy” rating and boosted their price objective for the stock from GBX 2,300 ($28.91) to GBX 2,920 ($36.70) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,500 ($31.42) price objective on shares of Diageo in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Diageo currently has an average rating of “Hold” and an average price target of GBX 2,876.67 ($36.15).

Diageo Company Profile

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.