Diploma (LON:DPLM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group has raised its target price for Diploma (LON:DPLM) from GBX 4,500 to GBX 5,200, indicating a potential downside of 5.71% from the stock's previous close.
• Currently, Diploma has a consensus rating of "Hold" with two analysts rating it as a Buy and three as Hold, while the average target price stands at GBX 5,118.
• Diploma's shares opened at GBX 5,515 and have ranged from a 1-year low of GBX 3,532 to a 1-year high of GBX 5,625.

Diploma (LON:DPLM - Get Free Report) had its price target hoisted by equities research analysts at Jefferies Financial Group from GBX 4,500 to GBX 5,200 in a report issued on Thursday, MarketBeat.com reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price would indicate a potential downside of 4.61% from the stock's current price.

Several other brokerages have also issued reports on DPLM. Berenberg Bank reiterated a "buy" rating and set a GBX 5,750 price objective on shares of Diploma in a report on Tuesday, September 2nd. Shore Capital reiterated a "hold" rating and issued a GBX 5,100 price objective on shares of Diploma in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 4,440 price objective on shares of Diploma in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Diploma has an average rating of "Hold" and a consensus price target of GBX 5,238.

Diploma Stock Down 0.9%

Shares of DPLM traded down GBX 48.91 during mid-day trading on Thursday, reaching GBX 5,451.10. The company's stock had a trading volume of 230,669 shares, compared to its average volume of 467,316. The company has a quick ratio of 0.80, a current ratio of 2.17 and a debt-to-equity ratio of 62.17. Diploma has a 1 year low of GBX 3,532 and a 1 year high of GBX 5,625. The business has a fifty day moving average of GBX 5,299.66 and a 200 day moving average of GBX 4,632.25. The company has a market cap of £7.31 billion, a price-to-earnings ratio of 4,385.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75.

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.