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

Diploma PLC (LON:DPLM) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 6,105 and last traded at GBX 6,060, with a volume of 1740852 shares trading hands. The stock had previously closed at GBX 5,965.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DPLM shares. Royal Bank Of Canada upped their target price on Diploma from GBX 6,200 to GBX 6,600 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Peel Hunt reiterated a “buy” rating and set a GBX 6,150 price target on shares of Diploma in a research report on Friday, December 19th. Jefferies Financial Group boosted their price objective on Diploma from GBX 5,200 to GBX 5,700 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Stifel Nicolaus upped their price objective on Diploma from GBX 6,200 to GBX 6,800 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Diploma from GBX 6,200 to GBX 6,400 and gave the company a “buy” rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,251.25.

Diploma Trading Down 0.9%

The firm has a market capitalization of £8.27 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.03. The company has a quick ratio of 0.80, a current ratio of 2.04 and a debt-to-equity ratio of 46.97. The firm’s 50 day moving average is GBX 5,526.22 and its 200 day moving average is GBX 5,457.44.

Insider Buying and Selling at Diploma

In related news, insider Katie Bickerstaffe acquired 352 shares of Diploma stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average cost of GBX 5,645 per share, with a total value of £19,870.40. Also, insider Johnny Thomson sold 30,000 shares of Diploma stock in a transaction on Friday, January 16th. The stock was sold at an average price of GBX 5,668, for a total value of £1,700,400. Over the last 90 days, insiders have purchased 1,352 shares of company stock valued at $7,704,540. Corporate 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.