Diageo (LON:DGE) Insider Acquires £158.20 in Stock

Diageo plc (LON:DGE – Get Free Report) insider Nik Jhangiani purchased 10 shares of Diageo stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of GBX 1,582 per share, with a total value of £158.20.

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

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• On Monday, August 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The stock was acquired at an average cost of GBX 400 per share, for a total transaction of GBX 3,200.
• On Friday, July 10th, Nik Jhangiani acquired 10 shares of Diageo stock. The stock was acquired at an average cost of GBX 1,505 per share, for a total transaction of £150.50.

Diageo Stock Up 0.3%

Shares of DGE stock opened at GBX 1,607.59 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. Diageo plc has a 12 month low of GBX 1,295.50 and a 12 month high of GBX 1,905.25. The stock has a market cap of £35.75 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.75 and a beta of 0.31. The company has a 50 day simple moving average of GBX 1,641.58 and a two-hundred day simple moving average of GBX 1,553.62.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,700 target price on shares of Diageo in a research note on Friday, August 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,223 target price on shares of Diageo in a report on Friday, August 7th. Jefferies Financial Group raised their price objective on Diageo from GBX 2,000 to GBX 2,200 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Monday, August 24th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,029.

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About Diageo

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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.

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