Nik Jhangiani Buys 5 Shares of Diageo plc (LON:DGE) Stock

Diageo plc (LON:DGE) insider Nik Jhangiani bought 5 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was bought at an average price of GBX 2,538 ($30.99) per share, with a total value of £126.90 ($154.93).

Diageo Stock Down 4.1 %

DGE stock traded down GBX 102.42 ($1.25) during mid-day trading on Monday, reaching GBX 2,373.50 ($28.98). 77,291,625 shares of the stock traded hands, compared to its average volume of 12,502,322. The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. Diageo plc has a 52 week low of GBX 2,165.60 ($26.44) and a 52 week high of GBX 3,056 ($37.31). The stock has a 50-day simple moving average of GBX 2,445.11. The company has a market cap of £52.69 billion, a price-to-earnings ratio of 1,798.11, a PEG ratio of 1.75 and a beta of 0.36.

Analysts Set New Price Targets

DGE has been the topic of several recent analyst reports. UBS Group raised Diageo to a “buy” rating and boosted their target price for the stock from GBX 2,300 ($28.08) to GBX 2,920 ($35.65) in a report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,500 ($30.52) price target on shares of Diageo in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.18) price target on the stock in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average target price of GBX 2,876.67 ($35.12).

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.