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

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 5 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of GBX 2,538 ($31.06) per share, with a total value of £126.90 ($155.29).

Diageo Stock Performance

Shares of LON:DGE traded down GBX 84.42 ($1.03) during mid-day trading on Monday, reaching GBX 2,391.50 ($29.26). 4,500,977 shares of the company's stock were exchanged, compared to its average volume of 3,403,491. The firm has a market cap of £53.09 billion, a price-to-earnings ratio of 1,811.74, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. Diageo plc has a twelve month low of GBX 2,165.60 ($26.50) and a twelve month high of GBX 3,056 ($37.40). The firm's fifty day simple moving average is GBX 2,441.84.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($34.26) price objective for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 2,500 ($30.59) price objective on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group raised shares of Diageo to a "buy" rating and boosted their price objective for the company from GBX 2,300 ($28.14) to GBX 2,920 ($35.73) in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 2,876.67 ($35.20).

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.