Nik Jhangiani Purchases 7 Shares of Diageo plc (LON:DGE) Stock

Key Points

• Nik Jhangiani, an insider at Diageo plc, recently purchased 7 shares at an average cost of GBX 2,046 ($27.48) each, totaling £143.22 ($192.37).
• Diageo's stock (LON:DGE) saw an increase during trading, reaching GBX 2,070 ($27.80) with a substantial trading volume of over 16 million shares.
• Brokerages maintain a mixed outlook on Diageo, with some firms like Jefferies and Berenberg issuing a "buy" rating and price targets of up to GBX 2,500 ($33.58).

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 7 shares of the business's stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of GBX 2,046 ($27.68) per share, with a total value of £143.22 ($193.78).

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

• On Thursday, July 10th, Nik Jhangiani bought 8 shares of Diageo stock. The stock was purchased at an average price of GBX 1,951 ($26.40) per share, with a total value of £156.08 ($211.18).
• On Tuesday, June 10th, Nik Jhangiani bought 8 shares of Diageo stock. The stock was purchased at an average price of GBX 1,992 ($26.95) per share, with a total value of £159.36 ($215.61).

Diageo Stock Down 0.4%

Shares of LON:DGE traded down GBX 9 ($0.12) during trading on Thursday, hitting GBX 2,026 ($27.41). 4,202,987 shares of the company's stock traded hands, compared to its average volume of 4,389,929. Diageo plc has a 52 week low of GBX 1,797 ($24.31) and a 52 week high of GBX 2,677 ($36.22). 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 company has a market cap of £44.97 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a 50-day moving average price of GBX 1,923.14 and a 200-day moving average price of GBX 2,051.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DGE shares. The Goldman Sachs Group upgraded Diageo to a "neutral" rating and set a GBX 2,000 ($27.06) target price for the company in a research note on Thursday, August 7th. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 2,400 ($32.47) price objective on shares of Diageo in a research note on Wednesday, July 16th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Diageo in a research note on Thursday, August 7th. Berenberg Bank reiterated a "buy" rating and set a GBX 2,372 ($32.09) price objective on shares of Diageo in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,500 ($33.82) price objective on shares of Diageo in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,393.14 ($32.38).

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.