Diploma (LON:DPLM) Hits New 52-Week High – What’s Next?

Diploma PLC (LON:DPLM) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 5,895 and last traded at GBX 5,835, with a volume of 2338822 shares changing hands. The stock had previously closed at GBX 5,030.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Diploma from GBX 6,000 to GBX 6,200 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Peel Hunt reissued a “buy” rating and issued a GBX 6,150 target price on shares of Diploma in a research note on Friday, December 19th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 6,350 target price on shares of Diploma in a report on Wednesday, November 19th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,634.29.

Diploma Trading Up 17.3%

The firm has a fifty day moving average of GBX 5,444.85 and a 200 day moving average of GBX 5,417.72. The firm has a market capitalization of £7.91 billion, a PE ratio of 42.97, a P/E/G ratio of 2.82 and a beta of 1.03. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.80 and a current ratio of 2.04.

Insider Activity

In other news, insider Katie Bickerstaffe bought 352 shares of the firm’s stock in a transaction dated 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. Also, insider Wilson Ng purchased 410 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were purchased at an average cost of GBX 5,369 per share, with a total value of £22,012.90. Over the last ninety days, insiders have purchased 1,262 shares of company stock worth $6,995,830. Company insiders own 1.14% of the company’s stock.

Diploma Company Profile

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.