Diploma (LON:DPLM) Sets New 1-Year High – Here’s What Happened

Shares of Diploma PLC (LON:DPLM) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 7,720 and last traded at GBX 7,720, with a volume of 650192 shares traded. The stock had previously closed at GBX 7,675.

Analysts Set New Price Targets

Several research firms have weighed in on DPLM. Jefferies Financial Group reissued a “hold” rating and set a GBX 7,000 target price on shares of Diploma in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lifted 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 note on Wednesday, May 20th. Berenberg Bank reissued a “buy” rating and set a GBX 9,000 price objective on shares of Diploma in a report on Monday, July 20th. Finally, Royal Bank Of Canada upped their target price on Diploma from GBX 7,300 to GBX 7,400 and gave the company an “outperform” rating in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Diploma presently has an average rating of “Moderate Buy” and an average price target of GBX 7,044.29.

Diploma Price Performance

The stock has a market capitalization of £10.33 billion, a PE ratio of 54.69, a P/E/G 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. The stock’s fifty day moving average is GBX 7,158.88 and its 200-day moving average is GBX 6,446.21.

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

Insider Activity

In other Diploma news, insider Mandy Gradden purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was purchased at an average price of GBX 7,183 per share, for a total transaction of £71,830. Also, insider Katie Bickerstaffe  purchased 47 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The stock was acquired at an average price of GBX 7,050 per share, with a total value of £3,313.50. 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.

Diploma Company Profile

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.