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

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

Analyst Ratings Changes

A number of research analysts have recently commented on DPLM shares. Stifel Nicolaus increased 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. Peel Hunt restated a “buy” rating and issued a GBX 6,150 target price on shares of Diploma in a report on Friday, December 19th. JPMorgan Chase & Co. upped their target price on Diploma from GBX 5,120 to GBX 5,760 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Royal Bank Of Canada increased their price target on Diploma from GBX 6,200 to GBX 6,600 and gave the company an “outperform” rating in a report on Thursday, March 19th. Finally, Shore Capital Group restated a “hold” rating on shares of Diploma in a research note on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,251.25.

Diploma Price Performance

The company has a market capitalization of £8.14 billion, a P/E ratio of 44.21, a PEG ratio of 2.82 and a beta of 1.03. The stock’s fifty day simple moving average is GBX 5,500.77 and its 200-day simple moving average is GBX 5,447.78. The company has a debt-to-equity ratio of 46.97, a current ratio of 2.04 and a quick ratio of 0.80.

Insider Activity at Diploma

In other Diploma news, insider Ian El-Mokadem purchased 500 shares of the company’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of GBX 5,820 per share, with a total value of £29,100. Also, insider Katie Bickerstaffe purchased 352 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was acquired at an average cost of GBX 5,645 per share, for a total transaction of £19,870.40. Insiders acquired a total of 1,352 shares of company stock worth $7,704,540 in the last 90 days. 1.14% of the stock is owned by company 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.