Insider Buying: Diageo plc (LON:DGE) Insider Buys 7 Shares of Stock

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 7 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of GBX 2,184 ($28.29) per share, with a total value of £152.88 ($198.03).

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

• On Monday, March 3rd, Nik Jhangiani sold 65,676 shares of Diageo stock. The stock was sold at an average price of GBX 2,165 ($28.04), for a total value of £1,421,885.40 ($1,841,820.47).
• On Monday, February 10th, Nik Jhangiani purchased 7 shares of Diageo stock. The shares were purchased at an average cost of GBX 2,211 ($28.64) per share, with a total value of £154.77 ($200.48).
• On Friday, January 10th, Nik Jhangiani acquired 5 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,538 ($32.88) per share, for a total transaction of £126.90 ($164.38).

Diageo Stock Performance

Shares of LON DGE traded down GBX 17 ($0.22) during trading on Friday, hitting GBX 2,065.50 ($26.76). The company had a trading volume of 5,710,019 shares, compared to its average volume of 3,992,281. Diageo plc has a 12 month low of GBX 2,050 ($26.55) and a 12 month high of GBX 2,955.50 ($38.28). The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The firm has a market capitalization of £45.85 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The stock has a 50 day simple moving average of GBX 2,289.89 and a 200 day simple moving average of GBX 2,417.96.

Analysts Set New Price Targets

Several equities analysts have issued reports on DGE shares. Jefferies Financial Group upgraded shares of Diageo to a "buy" rating and set a GBX 2,800 ($36.27) target price on the stock in a research note on Friday, December 6th. UBS Group raised shares of Diageo to a "buy" rating and lifted their target price for the stock from GBX 2,300 ($29.79) to GBX 2,920 ($37.82) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 2,500 ($32.38) target price on shares of Diageo in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 2,876.67 ($37.26).

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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.