Diploma (LON:DPLM) Sets New 52-Week High – Time to Buy?

Diploma PLC (LON:DPLM)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 7,630 and last traded at GBX 7,535, with a volume of 286331 shares trading hands. The stock had previously closed at GBX 7,520.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DPLM. Berenberg Bank reiterated a “buy” rating and issued a GBX 9,000 target price on shares of Diploma in a research note on Monday, July 20th. Royal Bank Of Canada raised their price target on shares of Diploma from GBX 7,300 to GBX 7,400 and gave the company an “outperform” rating in a research report on Friday, July 17th. Jefferies Financial Group restated a “hold” rating and set a GBX 7,000 price target on shares of Diploma in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Diploma from GBX 6,400 to GBX 7,200 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 7,044.29.

Diploma Stock Down 2.7%

The stock has a fifty day moving average of GBX 7,072.07 and a 200 day moving average of GBX 6,346.03. The firm has a market capitalization of £9.68 billion, a P/E ratio of 51.28, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. The company has a debt-to-equity ratio of 47.65, a current ratio of 2.06 and a quick ratio of 0.80.

Diploma (LON:DPLM) last posted its quarterly earnings data on Tuesday, May 19th. The company reported GBX 74.70 earnings per share for the quarter. The business had revenue of £851.10 million for the quarter. Diploma had a return on equity of 18.55% and a net margin of 9.42%. On average, research analysts anticipate that Diploma PLC will post 163.7995512 EPS for the current fiscal year.

Insider Transactions at Diploma

In related news, insider Katie Bickerstaffe  purchased 47 shares of Diploma stock in a transaction that occurred on Thursday, July 16th. The stock was bought at an average price of GBX 7,050 per share, for a total transaction of £3,313.50. Also, insider Mandy Gradden acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were bought at an average price of GBX 7,183 per share, with a total value of £71,830. Insiders have acquired 1,781 shares of company stock worth $12,638,928 in the last ninety days. Company insiders own 1.14% of the company’s stock.

About Diploma

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.