Diageo plc (LON:DGE) Insider Sells £1,421,885.40 in Stock

Diageo plc (LON:DGE) insider Nik Jhangiani sold 65,676 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.90), for a total transaction of £1,421,885.40 ($1,832,326.55).

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

• On Monday, February 10th, Nik Jhangiani bought 7 shares of Diageo stock. The stock was purchased at an average price of GBX 2,211 ($28.49) per share, for a total transaction of £154.77 ($199.45).
• On Friday, January 10th, Nik Jhangiani purchased 5 shares of Diageo stock. The shares were purchased at an average price of GBX 2,538 ($32.71) per share, with a total value of £126.90 ($163.53).

Diageo Stock Down 0.2 %

LON DGE opened at GBX 2,196.47 ($28.31) on Friday. Diageo plc has a twelve month low of GBX 2,098.50 ($27.04) and a twelve month high of GBX 2,974.50 ($38.33). The stock has a market cap of £48.76 billion, a PE ratio of 12.30, a PEG ratio of 1.75 and a beta of 0.36. The firm has a 50-day simple moving average of GBX 2,330.01 and a 200 day simple moving average of GBX 2,429.99. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94.

Wall Street Analyst Weigh In

DGE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,500 ($32.22) price objective on shares of Diageo in a research note on Tuesday, January 7th. UBS Group raised Diageo to a “buy” rating and lifted their price target for the stock from GBX 2,300 ($29.64) to GBX 2,920 ($37.63) in a research report on Thursday, December 12th. Finally, Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($36.08) price target for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.07).

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.