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

Diageo plc (LON:DGE) insider Nik Jhangiani bought 5 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average price of GBX 2,538 ($31.06) per share, with a total value of £126.90 ($155.32).

Diageo Trading Up 0.7 %

DGE stock opened at GBX 2,354.05 ($28.81) on Thursday. 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 one year low of GBX 2,165.60 ($26.51) and a one year high of GBX 3,056 ($37.41). The stock has a market capitalization of £52.26 billion, a price-to-earnings ratio of 1,783.37, a PEG ratio of 1.75 and a beta of 0.36. The firm’s 50-day moving average price is GBX 2,438.11.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DGE. Jefferies Financial Group upgraded shares of Diageo to a “buy” rating and set a GBX 2,800 ($34.27) price objective for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,500 ($30.60) price objective on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group upgraded shares of Diageo to a “buy” rating and raised their price objective for the company from GBX 2,300 ($28.15) to GBX 2,920 ($35.74) in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,876.67 ($35.21).

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.