DPLM, CKN, SRE: How did these mid-cap stocks perform this year? - Kalkine Media

December 24, 2022 12:00 PM GMT | By Team Kalkine Media
Follow us on Google News:

Highlights:

  • The UK economy is suffering the most among the G7 countries.
  • The country's economy shrank by 0.3% in the quarter to September.

The UK's economic contraction was revised to 0.3% for the third quarter of this year from 0.2%, announced last month. Data from the Office for National Statistics (ONS) on Thursday showed that the economy took a bigger hit than was earlier estimated. The latest data also bring the economy 0.8% lower than prior to the coronavirus pandemic. Previous estimates had shown the economy was 0.4% down against the pre-COVID period.

The revisions from the ONS show that the UK economy is suffering the most among the G7 countries. Other members of the group have witnessed a smaller fall in the economy. Besides the UK, Japan was the only nation with a fall of 0.2%. Both US and Canada saw economic growth of about 0.7% in the three months to September, while Italy reported a 0.5% growth. Germany was up 0.4%, and France posted a 0.2% economic growth.

 Direct Line (LON: DLG): Should income investors buy this FTSE 250 stock?

Image source: iQoncept, Shutterstock.com

According to experts, the UK's economic contraction reflects a bigger decline in manufacturing and production than previously projected. The changing consumer behaviour could cause this decline due to soaring inflation and the cost-of-living crisis, leading to a fall in demand. Supply chain issues caused by geopolitical tensions have also aggravated the situation.

In the wake of this information, let us look at three mid-cap stocks and how they have been performing.

Diploma Plc (LON: DPLM)

Diploma Plc is an FTSE 250 constituent in the business of supplying specialised technical products. As of 23 December 2022, the company has a market capitalisation of £3,501.00 million, and the EPS stands at 0.44. Its stock was trading 0.78% lower at GBX 2,786.00 as of Friday morning at 8:25 am GMT. DPLM’s 12-month return is negative at -16.49%.

Clarkson Plc (LON: CKN)

The London-headquartered firm offers integrated shipping services. The FTSE 250 firm’s market cap is £953.62 million as of 23 December, while its EPS stands at 1.65. The stock was trading at GBX 3,130.00, up 0.48% as of Friday morning at 8:29 am GMT. In the past year, the stock value has slipped by more than 15%.

Sirius Real Estate LD (LON: SRE)

Sirius Real Estate provides workspace to corporates in Germany. It presently has a market capitalisation of £861.91 million and an EPS of 0.13. The FTSE 250 constituent has offered a negative return of -45.52% on a 12-month basis and -47.52% on a year-to-date basis at the time of writing. As of Friday morning, 8:32 am GMT, the stock was trading 1.23% higher at GBX 74.20.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.



Top LSE Listed Companies