Diageo plc (LON:DGE) Insider Nik Jhangiani Sells 65,676 Shares

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani sold 65,676 shares of Diageo stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.98), for a total transaction of £1,421,885.40 ($1,837,773.56).

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

• On Monday, February 10th, Nik Jhangiani purchased 7 shares of Diageo stock. The shares were acquired at an average cost of GBX 2,211 ($28.58) per share, for a total transaction of £154.77 ($200.04).
• On Friday, January 10th, Nik Jhangiani purchased 5 shares of Diageo stock. The stock was bought at an average price of GBX 2,538 ($32.80) per share, for a total transaction of £126.90 ($164.02).

Diageo Price Performance

DGE stock traded down GBX 38.50 ($0.50) during midday trading on Friday, reaching GBX 2,176.50 ($28.13). The stock had a trading volume of 4,815,365 shares, compared to its average volume of 4,000,451. The company's fifty day simple moving average is GBX 2,322.84 and its 200 day simple moving average is GBX 2,428.20. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The company has a market cap of £48.32 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a 52-week low of GBX 2,098.50 ($27.12) and a 52-week high of GBX 2,974.50 ($38.45).

Analyst Upgrades and Downgrades

Several analysts have commented on DGE shares. UBS Group raised shares of Diageo to a "buy" rating and increased their price target for the company from GBX 2,300 ($29.73) to GBX 2,920 ($37.74) in a research report on Thursday, December 12th. Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($36.19) price target for the company in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 2,500 ($32.31) price target on shares of Diageo in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 2,876.67 ($37.18).

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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.