Insider Buying: Diageo plc (LON:DGE) Insider Acquires 7 Shares of Stock

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani acquired 7 shares of Diageo stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of GBX 2,211 ($27.79) per share, with a total value of £154.77 ($194.51).

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

• On Friday, January 10th, Nik Jhangiani purchased 5 shares of Diageo stock. The shares were acquired at an average cost of GBX 2,538 ($31.90) per share, with a total value of £126.90 ($159.48).

Diageo Price Performance

DGE stock traded down GBX 39.50 ($0.50) during trading on Friday, hitting GBX 2,145.50 ($26.96). The company had a trading volume of 2,685,452 shares, compared to its average volume of 3,807,935. The business has a 50 day moving average of GBX 2,431.10 and a 200 day moving average of GBX 2,460.39. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm has a market capitalization of £47.63 billion, a price-to-earnings ratio of 12.02, a P/E/G 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).

Analyst Ratings Changes

Several equities analysts have recently issued reports on DGE shares. UBS Group upgraded shares of Diageo to a "buy" rating and upped their price objective for the company from GBX 2,300 ($28.91) to GBX 2,920 ($36.70) in a report on Thursday, December 12th. Jefferies Financial Group raised Diageo to a "buy" rating and set a GBX 2,800 ($35.19) price objective on the stock in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 2,500 ($31.42) target price on shares of Diageo in a research note on Tuesday, January 7th. One 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. Based on data from MarketBeat, Diageo has an average rating of "Hold" and an average target price of GBX 2,876.67 ($36.15).

About Diageo

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.