Diploma's (DPLM) Outperform Rating Reaffirmed at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “outperform” rating on Diploma and maintained a GBX 7,400 price target, implying 4.08% upside. The broader analyst consensus is “Moderate Buy,” with six Buy ratings and two Holds.
• Diploma shares opened at GBX 7,110, down 0.8%, with a £9.53 billion market capitalization and a 1-year trading range of GBX 4,970 to GBX 7,765.
• Company insiders have been buying shares: insiders acquired 1,604 shares worth approximately $11.45 million over the past 90 days, while insiders own 1.14% of the company.

Diploma (LON:DPLM - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 7,400 price target on the stock. Royal Bank Of Canada's target price indicates a potential upside of 4.08% from the stock's current price.

Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Diploma from GBX 6,400 to GBX 7,200 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 7,000 price objective on shares of Diploma in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on Diploma from GBX 5,760 to GBX 8,250 and gave the company an "overweight" rating in a research note on Monday, August 24th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 9,000 target price on shares of Diploma in a report on Monday, July 20th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Diploma currently has an average rating of "Moderate Buy" and a consensus price target of GBX 7,400.

Diploma Trading Down 0.8%

Shares of Diploma stock opened at GBX 7,110 on Tuesday. The company's fifty day simple moving average is GBX 7,256.99 and its 200-day simple moving average is GBX 6,737.02. The stock has a market capitalization of £9.53 billion, a PE ratio of 50.50, a P/E/G ratio of 2.82 and a beta of 0.92. Diploma has a 1-year low of GBX 4,970 and a 1-year high of GBX 7,765. The company has a debt-to-equity ratio of 47.65, a current ratio of 2.06 and a quick ratio of 0.80.

Insider Buying and Selling

In other Diploma news, insider Wilson Ng purchased 424 shares of the firm's stock in a transaction that occurred on Thursday, July 16th. The shares were bought at an average price of GBX 7,066 per share, with a total value of £29,959.84. Also, insider Mandy Gradden acquired 1,000 shares of the stock in a transaction on Friday, July 17th. The shares were acquired at an average price of GBX 7,183 per share, with a total value of £71,830. Over the last 90 days, insiders have acquired 1,604 shares of company stock worth $11,447,718. 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.

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