Wilson Ng Buys 424 Shares of Diploma (LON:DPLM) Stock

Diploma PLC (LON:DPLM) insider Wilson Ng purchased 424 shares of the company’s stock in a transaction that occurred on Thursday, July 16th. The shares were purchased at an average cost of GBX 7,066 per share, with a total value of £29,959.84.

Diploma Stock Performance

DPLM opened at GBX 7,470 on Wednesday. The business has a fifty day simple moving average of GBX 6,995.25 and a 200 day simple moving average of GBX 6,273.01. The company has a market capitalization of £10.02 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. Diploma PLC has a 1 year low of GBX 4,970 and a 1 year high of GBX 7,663.22. The company has a debt-to-equity ratio of 47.65, a current ratio of 2.06 and a quick ratio of 0.80.

Diploma (LON:DPLM) last posted its quarterly earnings data on Tuesday, May 19th. The company reported GBX 74.70 earnings per share for the quarter. The firm had revenue of £851.10 million for the quarter. Diploma had a return on equity of 18.55% and a net margin of 9.42%. Research analysts expect that Diploma PLC will post 163.7995512 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Diploma from GBX 5,120 to GBX 5,760 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Berenberg Bank reissued a “buy” rating and issued a GBX 9,000 price objective on shares of Diploma in a report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Diploma from GBX 6,400 to GBX 7,200 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 7,000 target price on shares of Diploma in a report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Diploma from GBX 7,300 to GBX 7,400 and gave the company an “outperform” rating in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 7,044.29.

Key Headlines Impacting Diploma

Here are the key news stories impacting Diploma this week:

• Positive Sentiment: Berenberg Bank reiterated its buy rating on Diploma PLC and raised its price target to GBX 9,000, suggesting analysts still see meaningful upside from current levels. Broker views source
• Positive Sentiment: Multiple senior insiders purchased shares, including Mandy Gradden, Wilson Ng, and Katie Bickerstaffe. Insider buying is often viewed as a vote of confidence in the company’s outlook and valuation. TipRanks article
• Neutral Sentiment: A MarketWatch note said Diploma outperformed the broader market on Monday, but it did not point to a new company-specific fundamental development. MarketWatch article

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.