Key Points
- Nik Jhangiani purchased 10 shares on March 10 at GBX 1,519 (£151.90) but on March 9 sold ~47,657 shares at GBX 1,500 (roughly £715k total), indicating significant insider selling despite the small subsequent buy.
- Chair Sir John Manzoni made a board-level purchase, buying 432 shares at about GBX 1,518 on March 10, a move that can support sentiment at the management level.
- Diageo shares opened at GBX 1,492 (down ~2.4% and near its 12‑month low of GBX 1,489) while analysts hold a consensus "Moderate Buy" with a consensus price target of GBX 2,111.25.
Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani purchased 10 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of GBX 1,519 per share, for a total transaction of £151.90.
Nik Jhangiani also recently made the following trade(s):
- On Monday, March 9th, Nik Jhangiani sold 19,871 shares of Diageo stock. The stock was sold at an average price of GBX 1,500, for a total value of £298,065.
- On Monday, March 9th, Nik Jhangiani sold 27,786 shares of Diageo stock. The stock was sold at an average price of GBX 1,500, for a total transaction of £416,790.
- On Tuesday, February 10th, Nik Jhangiani acquired 9 shares of Diageo stock. The shares were purchased at an average price of GBX 1,784 per share, for a total transaction of £160.56.
- On Monday, January 12th, Nik Jhangiani bought 9 shares of Diageo stock. The stock was purchased at an average cost of GBX 1,639 per share, for a total transaction of £147.51.
Diageo Trading Down 2.4%
Shares of DGE opened at GBX 1,492 on Thursday. The company's fifty day simple moving average is GBX 1,677.47 and its 200-day simple moving average is GBX 1,748.53. The company has a market cap of £33.17 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.75 and a beta of 0.17. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 208.59. Diageo plc has a twelve month low of GBX 1,489 and a twelve month high of GBX 2,215.
Key Diageo News
Here are the key news stories impacting Diageo this week:
- Positive Sentiment: Chair John (Sir John) Manzoni bought 432 shares at ~GBX 1,518 on March 10 — a direct insider purchase that signals board-level confidence and can be supportive for sentiment. Diageo (LON:DGE) Insider Purchases £6,557.76 in Stock
- Positive Sentiment: Director Nik Jhangiani reported a very small purchase (10 shares) on March 10 — token insider buying that marginally offsets larger sales. Nik Jhangiani Buys 10 Shares of Diageo (LON:DGE) Stock
- Neutral Sentiment: Analyst coverage is mixed: Jefferies and Deutsche Bank have trimmed price targets while RBC reaffirmed an outperform stance; the consensus remains a "Moderate Buy" but with lower near-term upside, which keeps expectations tempered. Diageo Stock / Analyst Notes
- Negative Sentiment: Diageo shares slid and underperformed the market in today’s session; heavy trading volume amplified downside. That broad sell pressure is cited by market headlines as the proximate cause of the drop. Diageo slides Wednesday, underperforms market
- Negative Sentiment: Significant insider selling by Nik Jhangiani on March 9 (two disposals of ~19,871 and ~27,786 shares at ~GBX 1,500 each, totaling roughly £715k) likely added selling pressure and weighed on investor confidence. Diageo Insider Trades
Analyst Upgrades and Downgrades
DGE has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on shares of Diageo from GBX 2,300 to GBX 2,000 and set a "buy" rating for the company in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut their target price on Diageo from GBX 1,840 to GBX 1,790 and set a "hold" rating on the stock in a research note on Friday, November 28th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Diageo in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 2,000 price objective on shares of Diageo in a report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,111.25.
View Our Latest Analysis on Diageo
About Diageo
(
Get Free Report)
Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.
With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we're building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we're a truly global company. With such diversity, we're able to truly represent our broad consumer base and think differently about the future.
To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.
Further Reading
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