Diploma (LON:DPLM) Hits New 1-Year High – Here’s Why

Diploma PLC (LON:DPLM)’s share price hit 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. The stock had previously closed at GBX 7,675.

Analyst Ratings Changes

DPLM has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 7,000 price target on shares of Diploma in a research report on Friday, May 29th. Royal Bank Of Canada increased their target price on shares of Diploma from GBX 7,300 to GBX 7,400 and gave the company an “outperform” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 9,000 price target on shares of Diploma in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 7,044.29.

Diploma Stock Up 0.7%

The company has a market cap of £10.36 billion, a P/E ratio of 54.87, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. The company has a debt-to-equity ratio of 47.65, a quick ratio of 0.80 and a current ratio of 2.06. The business’s fifty day moving average is GBX 7,128.68 and its two-hundred day moving average is GBX 6,423.33.

Diploma (LON:DPLM) last issued its earnings results on Tuesday, May 19th. The company reported GBX 74.70 EPS for the quarter. Diploma had a net margin of 9.42% and a return on equity of 18.55%. The business had revenue of £851.10 million for the quarter. Equities analysts predict that Diploma PLC will post 163.7995512 EPS for the current year.

Insider Buying and Selling at Diploma

In other Diploma news, insider Wilson Ng purchased 424 shares of the stock in a transaction dated Thursday, July 16th. The stock was purchased at an average price of GBX 7,066 per share, with a total value of £29,959.84. Also, insider Katie Bickerstaffe  acquired 177 shares of Diploma stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of GBX 6,730 per share, with a total value of £11,912.10. In the last quarter, insiders have acquired 1,781 shares of company stock valued at $12,638,928. 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.