Diageo (LON:DGE) Insider Nik Jhangiani Buys 9 Shares of Company Stock

Key Points

• Diageo insider Nik Jhangiani bought 9 shares on October 12 at GBX 1,635 each, for a total of £147.15. He had also purchased shares in August and September.
• Diageo shares were up 2.2%, opening at GBX 1,709.22, with a market capitalization of approximately £38.02 billion.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of GBX 2,033.86.

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 9 shares of the stock in a transaction dated Monday, October 12th. The shares were acquired at an average price of GBX 1,635 per share, with a total value of £147.15.

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

• On Thursday, September 10th, Nik Jhangiani acquired 10 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,582 per share, with a total value of £158.20.
• On Monday, August 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The stock was bought at an average price of GBX 400 per share, for a total transaction of GBX 3,200.

Diageo Stock Up 2.2%

Shares of DGE opened at GBX 1,709.22 on Tuesday. The company's 50-day moving average price is GBX 1,665.63 and its 200 day moving average price is GBX 1,567.46. Diageo plc has a 12-month low of GBX 1,295.50 and a 12-month high of GBX 1,903.90. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 203.12. The firm has a market cap of £38.02 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DGE. Jefferies Financial Group lifted their price objective on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the company a "buy" rating in a report on Monday, August 10th. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 2,000 target price on shares of Diageo in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft cut their price target on Diageo from GBX 1,770 to GBX 1,734 and set a "hold" rating on the stock in a report on Wednesday, September 16th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,223 price target on shares of Diageo in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Diageo currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,033.86.

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.

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