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

Nik Jhangiani, an insider at Diageo plc (LON:DGE - Get Free Report), recently sold 65,676 shares of the company's stock during a transaction on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.51), bringing the total value of the transaction to £1,421,885.40 ($1,806,945.48).

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In addition to this recent sale, Nik Jhangiani was involved in other transactions as well:

• On February 10th, he purchased 7 shares of Diageo for an average price of GBX 2,211 ($28.10), totaling £154.77 ($196.68).
• On January 10th, he bought 5 shares at an average cost of GBX 2,538 ($32.25), amounting to £126.90 ($161.27).

Diageo Trading Down

On Tuesday, Diageo's shares saw a decrease of 1.0%, trading down GBX 22.50 ($0.29) to hit GBX 2,143 ($27.23) during midday trading. A total of 2,789,899 shares were exchanged, which is below the average volume of 3,861,960 shares. The company's financial metrics show a current ratio of 1.94, a quick ratio of 0.62, and a debt-to-equity ratio of 234.57. Diageo has a market capitalization of £47.57 billion, with a price-to-earnings (P/E) ratio of 12.00 and a P/E/G ratio of 1.75. Over the last twelve months, Diageo's stock showed a low of GBX 2,098.50 ($26.67) and a high of GBX 2,974.50 ($37.80).

Wall Street Analysts Forecasting Growth

Recent reports from various research analysts reflect a positive outlook for Diageo. For instance, Jefferies Financial Group upgraded Diageo to a "buy" rating and set a price target of GBX 2,800 ($35.58) on December 6th. UBS Group also raised their target price from GBX 2,300 ($29.23) to GBX 2,920 ($37.11) in their report dated December 12th. JPMorgan Chase & Co. maintained a "neutral" rating and set a price target of GBX 2,500 ($31.77) on January 7th. Currently, one analyst rates Diageo as a sell, two give it a hold rating, and four recommend a buy, leading to a consensus rating of "Hold" with an average target price of GBX 2,876.67 ($36.56).

Get Our Latest Research Report on DGE

Company Overview

Diageo plc is a prominent player in the production, marketing, and sale of alcoholic beverages. The company's diverse portfolio includes a variety of spirits such as scotch, gin, vodka, rum, and tequila, as well as beer, ciders, and flavored malt beverages. Diageo also produces various foreign liquor whiskies, including Canadian, Irish, American, and Indian variants, along with ready-to-drink and non-alcoholic products.

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This news article provides insights into recent transactions and analyst ratings for Diageo plc. The information was gathered using automated technology and financial data to ensure timely delivery to readers.

Considerations for Investment

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