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

Diageo plc (LON:DGE) insider Nik Jhangiani sold 65,676 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.51), for a total value of £1,421,885.40 ($1,806,945.48).

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

• On Monday, February 10th, Nik Jhangiani acquired 7 shares of Diageo stock. The stock was purchased at an average cost of GBX 2,211 ($28.10) per share, for a total transaction of £154.77 ($196.68).
• On Friday, January 10th, Nik Jhangiani bought 5 shares of Diageo stock. The stock was purchased at an average price of GBX 2,538 ($32.25) per share, with a total value of £126.90 ($161.27).

Diageo Trading Down 1.0 %

Shares of LON:DGE traded down GBX 22.50 ($0.29) during midday trading on Tuesday, hitting GBX 2,143 ($27.23). 2,789,899 shares of the stock were exchanged, compared to its average volume of 3,861,960. 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 capitalization of £47.57 billion, a PE ratio of 12.00, a P/E/G ratio of 1.75 and a beta of 0.36. The firm has a 50 day simple moving average of GBX 2,349.05. Diageo plc has a twelve month low of GBX 2,098.50 ($26.67) and a twelve month high of GBX 2,974.50 ($37.80).

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Diageo to a “buy” rating and set a GBX 2,800 ($35.58) price target for the company in a report on Friday, December 6th. UBS Group upgraded Diageo to a “buy” rating and boosted their target price for the stock from GBX 2,300 ($29.23) to GBX 2,920 ($37.11) in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($31.77) price target on shares of Diageo in a report on Tuesday, January 7th. One investment 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, the company currently has a consensus rating of “Hold” and an average price target of GBX 2,876.67 ($36.56).

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.