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

Diploma PLC (LON:DPLM)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 6,265 and last traded at GBX 6,235, with a volume of 643695 shares changing hands. The stock had previously closed at GBX 6,225.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Diploma from GBX 5,200 to GBX 5,700 and gave the company a “hold” rating in a report on Monday, March 23rd. Berenberg Bank lifted their target price on shares of Diploma from GBX 6,600 to GBX 7,500 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Stifel Nicolaus lifted their target price on shares of Diploma from GBX 6,200 to GBX 6,800 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Peel Hunt reiterated a “buy” rating and issued a GBX 6,150 target price on shares of Diploma in a research note on Friday, December 19th. Finally, Royal Bank Of Canada lifted their target price on shares of Diploma from GBX 6,200 to GBX 6,600 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 6,251.25.

Diploma Stock Performance

The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.80 and a current ratio of 2.04. The firm’s 50 day simple moving average is GBX 5,587.90 and its 200 day simple moving average is GBX 5,479.95. The firm has a market capitalization of £8.81 billion, a price-to-earnings ratio of 47.85, a PEG ratio of 2.82 and a beta of 0.89.

Insider Buying and Selling at Diploma

In other Diploma news, insider Johnny Thomson sold 30,000 shares of Diploma stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of GBX 5,668, for a total transaction of £1,700,400. Also, insider Ian El-Mokadem acquired 500 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of GBX 5,820 per share, with a total value of £29,100. In the last ninety days, insiders acquired 1,352 shares of company stock worth $7,704,540. 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.