Diploma (LON:DPLM) Sets New 52-Week High – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DPLM shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Diploma from GBX 6,200 to GBX 6,400 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Shore Capital Group reissued a “hold” rating on shares of Diploma in a report on Wednesday, March 18th. Peel Hunt reissued a “buy” rating and issued a GBX 6,150 price target on shares of Diploma in a report on Friday, December 19th. JPMorgan Chase & Co. increased their price target on shares of Diploma from GBX 5,120 to GBX 5,760 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Jefferies Financial Group increased 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Diploma presently has an average rating of “Moderate Buy” and a consensus price target of GBX 6,251.25.

Diploma Stock Performance

The firm has a market cap of £8.43 billion, a P/E ratio of 45.81, a PEG ratio of 2.82 and a beta of 1.03. The stock’s 50 day moving average is GBX 5,552.20 and its two-hundred day moving average is GBX 5,467.49. The company has a debt-to-equity ratio of 46.97, a current ratio of 2.04 and a quick ratio of 0.80.

Insiders Place Their Bets

In related news, insider Ian El-Mokadem acquired 500 shares of the company’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of GBX 5,820 per share, for a total transaction of £29,100. Also, insider Katie Bickerstaffe acquired 352 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were bought at an average price of GBX 5,645 per share, with a total value of £19,870.40. Insiders purchased 1,352 shares of company stock worth $7,704,540 over the last three months. 1.14% of the stock is currently owned by corporate insiders.

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.