Diploma (LON:DPLM) Hits New 52-Week Low – Here’s Why

Shares of Diploma PLC (LON:DPLM) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 4,349 and last traded at GBX 7,085, with a volume of 964841 shares trading hands. The stock had previously closed at GBX 7,060.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 7,000 price target on shares of Diploma in a research report on Friday, May 29th. Shore Capital Group restated a “hold” rating on shares of Diploma in a research note on Wednesday, March 18th. Berenberg Bank raised their target price on Diploma from GBX 7,500 to GBX 9,000 and gave the company a “buy” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. lifted their price target 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. Finally, Stifel Nicolaus upped their price target on Diploma from GBX 6,200 to GBX 6,800 and gave the stock a “buy” rating in a report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Diploma currently has an average rating of “Moderate Buy” and an average price target of GBX 6,788.75.

Diploma Stock Down 0.6%

The firm’s 50-day simple moving average is GBX 6,973.08 and its 200-day simple moving average is GBX 6,095.92. 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 company has a market capitalization of £9.51 billion, a price-to-earnings ratio of 50.36, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92.

Diploma (LON:DPLM) last announced its quarterly earnings data 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 during the quarter. Sell-side analysts forecast that Diploma PLC will post 163.7995512 earnings per share for the current year.

Insider Transactions at Diploma

In other news, insider Katie Bickerstaffe  purchased 177 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of GBX 6,730 per share, with a total value of £11,912.10. 1.14% of the stock is 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.