Diageo plc (LON:DGE) Insider Buys £126.90 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani acquired 5 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of GBX 2,538 ($30.99) per share, for a total transaction of £126.90 ($154.93).

Diageo Price Performance

Shares of LON:DGE opened at GBX 2,330 ($28.45) on Wednesday. The company has a market capitalization of £51.73 billion, a PE ratio of 1,765.15, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 186.26, a quick ratio of 0.62 and a current ratio of 1.53. Diageo plc has a 12 month low of GBX 2,165.60 ($26.44) and a 12 month high of GBX 3,056 ($37.31). The business’s 50 day moving average price is GBX 2,438.11.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group upgraded 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. UBS Group upgraded Diageo to a “buy” rating and raised their target price for the company from GBX 2,300 ($28.08) to GBX 2,920 ($35.65) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,500 ($30.52) price target on shares of Diageo in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of GBX 2,876.67 ($35.12).

Diageo Company Profile

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.