Nik Jhangiani Sells 27,786 Shares of Diageo (LON:DGE) Stock

Key Points

• Nik Jhangiani sold 27,786 shares of Diageo on March 9 at an average price of GBX 1,500, a transaction valued at about £416,790.
• Diageo shares were down 0.4% at GBX 1,515 with below-average volume; the company has a market cap of £33.69 billion, a P/E of 14.0, and an analyst consensus of Moderate Buy with an average target of GBX 2,111.25.

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani sold 27,786 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 1,500, for a total value of £416,790.

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

• On Monday, March 9th, Nik Jhangiani sold 19,871 shares of Diageo stock. The stock was sold at an average price of GBX 1,500, for a total transaction of £298,065.
• On Tuesday, February 10th, Nik Jhangiani bought 9 shares of Diageo stock. The shares were bought at an average cost of GBX 1,784 per share, for a total transaction of £160.56.
• On Monday, January 12th, Nik Jhangiani bought 9 shares of Diageo stock. The shares were acquired at an average cost of GBX 1,639 per share, with a total value of £147.51.
• On Wednesday, December 10th, Nik Jhangiani bought 9 shares of Diageo stock. The stock was purchased at an average cost of GBX 1,604 per share, for a total transaction of £144.36.

Diageo Stock Down 0.4%

Diageo stock traded down GBX 6 during trading hours on Tuesday, hitting GBX 1,515. The company had a trading volume of 22,044,063 shares, compared to its average volume of 52,233,004. Diageo plc has a fifty-two week low of GBX 1,491 and a fifty-two week high of GBX 2,219.50. The firm's fifty day moving average is GBX 1,681.45 and its 200-day moving average is GBX 1,754.61. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The firm has a market capitalization of £33.69 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.17.

Analyst Ratings Changes

DGE has been the topic of several research reports. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Diageo in a research report on Thursday, January 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,000 price target on shares of Diageo in a research note on Wednesday, March 4th. 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Diageo from GBX 1,840 to GBX 1,790 and set a "hold" rating for the company in a report on Friday, November 28th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company 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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