Nik Jhangiani Acquires 9 Shares of Diageo (LON:DGE) Stock

Key Points

• Nik Jhangiani (an insider) purchased 9 Diageo shares on Feb 10 at GBX 1,784 (£160.56) and made identical 9‑share purchases on Jan 12 (GBX 1,639) and Dec 10 (GBX 1,604), showing repeated small insider buys.
• Diageo was trading at GBX 1,836.50 with a market capitalization of £40.83 billion, a P/E of 17.37, and a one‑year range of GBX 1,421.50–2,226.
• Analysts give Diageo a consensus of "Moderate Buy" with an average target price of GBX 2,111.25 (five Buy ratings, three Hold ratings).

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 9 shares of Diageo stock in a transaction on Tuesday, February 10th. The shares were acquired at an average price of GBX 1,784 per share, with a total value of £160.56.

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

• On Monday, January 12th, Nik Jhangiani purchased 9 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,639 per share, for a total transaction of £147.51.
• On Wednesday, December 10th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were bought at an average price of GBX 1,604 per share, for a total transaction of £144.36.

Diageo Price Performance

DGE traded up GBX 22.50 on Wednesday, reaching GBX 1,836.50. The company had a trading volume of 4,533,612 shares, compared to its average volume of 60,715,070. The company has a fifty day moving average of GBX 1,656.57 and a 200-day moving average of GBX 1,792.12. The company has a market capitalization of £40.83 billion, a P/E ratio of 17.37, a PEG ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo plc has a one year low of GBX 1,421.50 and a one year high of GBX 2,226.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DGE. Berenberg Bank dropped their target price on Diageo from GBX 2,372 to GBX 2,370 and set a "buy" rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group lowered their price target on Diageo from GBX 2,300 to GBX 2,000 and set a "buy" rating on the stock in a research report on Thursday, January 15th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a report on Thursday, January 22nd. Citigroup decreased their target price on Diageo from GBX 2,750 to GBX 2,480 and set a "buy" rating for the company in a research note on Monday, October 20th. Finally, UBS Group reiterated a "buy" rating and issued a GBX 2,250 price target on shares of Diageo in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Diageo has an average rating of "Moderate Buy" and an average target price of GBX 2,111.25.

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. 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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