Diageo plc Insider Nik Jhangiani Acquires Shares

On Monday, March 10th, Nik Jhangiani, an insider at Diageo plc (LON:DGE), purchased 7 shares of the company’s stock. The shares were acquired at an average price of GBX 2,184 ($28.23) each, culminating in a total transaction value of £152.88 ($197.62).

In addition to this recent purchase, Jhangiani has been active in the market regarding Diageo stock. On March 3rd, he sold a significant number of shares, totaling 65,676 shares at an average price of GBX 2,165 ($27.99), resulting in a total sale of £1,421,885.40 ($1,838,011.12). Earlier in February, on the 10th, he had also bought 7 shares at an average price of GBX 2,211 ($28.58), for a total value of £154.77 ($200.06). Previously, on January 10th, he purchased 5 shares at an average price of GBX 2,538 ($32.81), amounting to £126.90 ($164.04).

Diageo Stock Performance

On the same day as Jhangiani's transaction, Diageo’s stock price increased by GBX 6.50 ($0.08), reaching GBX 2,183 ($28.22). A total of 5,792,136 shares changed hands during trading, compared to the average volume of 3,956,444 shares. Diageo has a market capitalization of £48.46 billion, a P/E ratio of 12.23, and a price-to-earnings-growth ratio of 1.75, along with a beta of 0.36. Over the past twelve months, the stock has recorded a low of GBX 21.84 ($0.28) and a high of GBX 2,974.50 ($38.45). The company’s debt-to-equity ratio stands at 234.57, a current ratio of 1.94, and a quick ratio of 0.62. The 50-day moving average for Diageo's stock is GBX 2,322.84.

Analysts' Price Targets

Several brokerage firms have provided their insights on Diageo shares. JPMorgan Chase & Co. recently reiterated a "neutral" rating with a price target of GBX 2,500 ($32.32) on January 7th. Jefferies Financial Group upgraded their rating to "buy" and set a target price of GBX 2,800 ($36.19) on December 6th, while UBS Group also upgraded their rating to "buy" and raised the price objective from GBX 2,300 ($29.73) to GBX 2,920 ($37.75) on December 12th. Currently, there is a mix of ratings for Diageo, with one analyst issuing a sell rating, two maintaining a hold rating, and four giving a buy rating. According to MarketBeat data, Diageo has an overall consensus rating of "Hold" with a target price averaging around GBX 2,876.67 ($37.19).

About Diageo

Diageo plc, along with its subsidiaries, specializes in the production, marketing, and sale of a wide range of alcoholic beverages. Its offerings include different types of spirits such as scotch, gin, vodka, rum, and tequila, as well as beer, wine, and ready-to-drink products.

Diageo, Insider, Shares