Insider Buying: Diageo (LON:DGE) Insider Purchases £158.20 in Stock

Key Points

• Diageo insider Nik Jhangiani purchased 10 shares at GBX 1,582 each, totaling £158.20, following two earlier purchases in July and August.
• Diageo shares were up 0.3% at GBX 1,607.59, with a £35.75 billion market capitalization and a P/E ratio of 20.64.
• Analysts maintain a “Moderate Buy” consensus with an average price target of GBX 2,029; recent targets range from GBX 1,700 to GBX 2,223.

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani acquired 10 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of GBX 1,582 per share, for a total transaction of £158.20.

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

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

Diageo Stock Up 0.3%

DGE stock opened at GBX 1,607.59 on Friday. Diageo plc has a 1-year low of GBX 1,295.50 and a 1-year high of GBX 1,905.25. The business has a fifty day moving average price of GBX 1,641.58 and a 200-day moving average price of GBX 1,553.62. The company has a debt-to-equity ratio of 203.12, a current ratio of 1.60 and a quick ratio of 0.62. The stock has a market capitalization 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.

Analysts Set New Price Targets

DGE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,000 target price on shares of Diageo in a research report on Monday, August 24th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,223 price target on shares of Diageo in a report on Friday, August 7th. Jefferies Financial Group lifted their price target on shares of Diageo from GBX 2,000 to GBX 2,200 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,700 price objective on shares of Diageo in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Diageo presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,029.

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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