Diploma PLC (LON:DPLM) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Diploma “Moderate Buy”: Six of eight analysts recommend buying the shares, while two advise holding them. The average 12-month price target is GBX 7,400, with targets ranging from GBX 7,000 to GBX 9,000.
• Shares were trading near recent highs: Diploma opened at GBX 7,290 and was up 1.5%, compared with a 1-year range of GBX 4,970 to GBX 7,765. The company has a market capitalization of approximately £9.78 billion.
• Insiders have recently bought shares: Executives Mandy Gradden and Wilson Ng purchased shares, and insiders acquired 1,604 shares worth about £11.45 million over the past quarter. Insiders own 1.14% of the company.

Diploma PLC (LON:DPLM - Get Free Report) has received an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 7,400.

A number of analysts have commented on DPLM shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 9,000 price objective on shares of Diploma in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. boosted their price target on shares of Diploma from GBX 5,760 to GBX 8,250 and gave the company an "overweight" rating in a report on Monday. Jefferies Financial Group restated a "hold" rating and issued a GBX 7,000 price target on shares of Diploma in a research report on Friday, May 29th. Finally, Royal Bank Of Canada raised their price objective on shares of Diploma from GBX 7,300 to GBX 7,400 and gave the stock an "outperform" rating in a research note on Friday, July 17th.

Diploma Trading Up 1.5%

LON:DPLM opened at GBX 7,290 on Monday. The stock has a fifty day simple moving average of GBX 7,227.28 and a 200 day simple moving average of GBX 6,585.94. The firm has a market capitalization of £9.78 billion, a price-to-earnings ratio of 51.78, a price-to-earnings-growth 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 quick ratio of 0.80, a current ratio of 2.06 and a debt-to-equity ratio of 47.65.

Insider Activity

In other Diploma news, insider Mandy Gradden purchased 1,000 shares of the stock in a transaction dated Friday, July 17th. The shares were acquired at an average price of GBX 7,183 per share, for a total transaction of £71,830. Also, insider Wilson Ng purchased 424 shares of the company's stock in a transaction that occurred on Thursday, July 16th. The shares were acquired at an average cost of GBX 7,066 per share, for a total transaction of £29,959.84. Insiders acquired 1,604 shares of company stock worth $11,447,718 over the last quarter. Corporate insiders own 1.14% of the company's stock.

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.

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