Insider Buying: Diageo plc (LON:DGE) Insider Acquires 8 Shares of Stock

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani bought 8 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were bought at an average price of GBX 1,951 ($26.32) per share, with a total value of £156.08 ($210.55).

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

• On Tuesday, June 10th, Nik Jhangiani purchased 8 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,992 ($26.87) per share, for a total transaction of £159.36 ($214.97).

Diageo Trading Down 2.4%

Shares of DGE traded down GBX 47.50 ($0.64) during midday trading on Friday, hitting GBX 1,900.50 ($25.64). The stock had a trading volume of 3,517,376 shares, compared to its average volume of 4,250,587. Diageo plc has a 1 year low of GBX 1,820 ($24.55) and a 1 year high of GBX 2,731.50 ($36.85). The firm has a market cap of £42.19 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. 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 stock's 50 day moving average is GBX 1,993.54 and its 200 day moving average is GBX 2,137.86.

Analysts Set New Price Targets

DGE has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Diageo in a research note on Tuesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 ($32.00) price target on shares of Diageo in a research note on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Diageo from GBX 1,960 ($26.44) to GBX 2,010 ($27.11) and gave the company a "hold" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 2,571.71 ($34.69).

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.