Nik Jhangiani Purchases 8 Shares of Diageo (LON:DGE) Stock

Key Points

• Nik Jhangiani, an insider at Diageo, purchased **8 shares** at an average cost of **GBX 1,938** each, totaling **£155.04**, on September 10th.
• Diageo's current **market cap** stands at **£42.73 billion**, with a **debt-to-equity ratio** of **234.57** and a **P/E ratio** of **1,816.46**.
• Equities analysts are generally bullish on Diageo, with **four buy ratings** and a **consensus target price** of **GBX 2,378.86** according to MarketBeat.

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 8 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was acquired at an average price of GBX 1,938 per share, for a total transaction of £155.04.

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

• On Monday, August 11th, Nik Jhangiani purchased 7 shares of Diageo stock. The stock was acquired at an average price of GBX 2,046 per share, for a total transaction of £143.22.
• On Thursday, July 10th, Nik Jhangiani acquired 8 shares of Diageo stock. The shares were bought at an average price of GBX 1,951 per share, for a total transaction of £156.08.

Diageo Trading Down 0.4%

LON DGE traded down GBX 6.52 on Tuesday, hitting GBX 1,839.98. 6,127,313 shares of the company were exchanged, compared to its average volume of 4,318,690. The company's 50 day moving average price is GBX 1,976.64 and its 200-day moving average price is GBX 2,016.46. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. The firm has a market capitalization of £40.95 billion, a P/E ratio of 1,740.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a twelve month low of GBX 1,797 and a twelve month high of GBX 2,677.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of Diageo in a research note on Monday, August 4th. Jefferies Financial Group lowered their price target on Diageo from GBX 2,500 to GBX 2,400 and set a "buy" rating for the company in a research note on Monday, September 8th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 2,400 price target on shares of Diageo in a research note on Wednesday, July 16th. The Goldman Sachs Group raised Diageo to a "neutral" rating and set a GBX 2,000 price target for the company in a research note on Thursday, August 7th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 target price on shares of Diageo in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,378.86.

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.