Shares in Diploma PLC (DPLM.L) have fallen dramatically from recent highs of 2084.0p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 1861.56p (at time of writing). A return to previous highs would represent a rise of 11%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -10% from 12-month highs; +47% from 12 month lows.

Latest News

07:49:  Diploma posted a Q1 increase in revenue, up by 9% year-on-year and meeting expectations. Performance was driven by good growth in its seals sector.

13 Jan:  HSBC reiterates its hold rating on Diploma (DPLM) and increased the target price to 1775p (from 1605p).

10 Jan:  Jefferies International has downgraded its rating on Diploma (DPLM) to hold (from buy).

10 Jan:  RBC Capital Markets has downgraded its rating on Diploma (DPLM) to underperform (from sector performer) and increased the target price to 1500p  (from 1400p).

19 Nov:  Barclays Capital reiterates its equal weight rating on Diploma (DPLM) and increased the target price to 1500p (from 1420p).

19 Nov:  JP Morgan Cazenove has downgraded its rating on Diploma (DPLM) to neutral (from overweight) and reduced the target price to 1730p  (from 1760p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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