Diageo (LON:DGE) Insider Buys £146.48 in Stock

Key Points

• Insider Nik Jhangiani purchased 8 shares of Diageo stock on October 10th for a total value of £146.48, acquiring them at an average price of GBX 1,831 per share.
• The stock of Diageo has experienced a decline, trading down GBX 17.50 to GBX 1,779 with a significant increase in trading volume compared to its average.
• Diageo has received mixed analyst ratings, with a consensus of "Moderate Buy" and a target price of GBX 2,378.86, indicating potential upside from the current trading price.

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani bought 8 shares of Diageo stock in a transaction on Friday, October 10th. The stock was acquired at an average cost of GBX 1,831 per share, with a total value of £146.48.

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

• On Wednesday, September 10th, Nik Jhangiani bought 8 shares of Diageo stock. The shares were bought at an average price of GBX 1,938 per share, for a total transaction of £155.04.
• On Monday, August 11th, Nik Jhangiani acquired 7 shares of Diageo stock. The stock was acquired at an average price of GBX 2,046 per share, for a total transaction of £143.22.

Diageo Price Performance

Shares of Diageo stock traded down GBX 17.50 during trading hours on Monday, hitting GBX 1,779. The company's stock had a trading volume of 34,378,316 shares, compared to its average volume of 4,462,945. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The company has a market cap of £39.55 billion, a PE ratio of 1,683.07, a PEG ratio of 1.75 and a beta of 0.36. Diageo plc has a 12-month low of GBX 1,736.87 and a 12-month high of GBX 2,677. The business has a 50 day moving average price of GBX 1,928.43 and a two-hundred day moving average price of GBX 1,974.96.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank reissued a "buy" rating and set a GBX 2,372 price objective on shares of Diageo in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Diageo from GBX 2,010 to GBX 2,060 and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Citigroup reissued a "buy" rating on shares of Diageo in a research note on Monday, August 4th. The Goldman Sachs Group raised Diageo to a "neutral" rating and set a GBX 2,000 price objective on the stock in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,400 price objective on shares of Diageo in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Diageo has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,378.86.

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.

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