Diploma (LON:DPLM) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Diploma PLC (LON:DPLM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 6,195.97 and traded as high as GBX 6,835. Diploma shares last traded at GBX 6,805, with a volume of 286,726 shares trading hands.

Analysts Set New Price Targets

DPLM has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 7,000 target price on shares of Diploma in a report on Friday, May 29th. Berenberg Bank boosted their price target on Diploma from GBX 7,500 to GBX 9,000 and gave the company a “buy” rating in a report on Tuesday, May 19th. Stifel Nicolaus upped their price target on Diploma from GBX 6,200 to GBX 6,800 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Royal Bank Of Canada raised their price objective on Diploma from GBX 6,600 to GBX 7,300 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,788.75.

Diploma Trading Down 0.5%

The stock has a fifty day simple moving average of GBX 6,969.83 and a 200 day simple moving average of GBX 6,206.57. The firm has a market capitalization of £9.08 billion, a P/E ratio of 48.08, a PEG ratio of 2.82 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 2.06 and a debt-to-equity ratio of 47.65.

Diploma (LON:DPLM) last released its quarterly earnings data on Tuesday, May 19th. The company reported GBX 74.70 earnings per share for the quarter. The firm had revenue of £851.10 million during the quarter. Diploma had a return on equity of 18.55% and a net margin of 9.42%. As a group, research analysts forecast that Diploma PLC will post 163.7995512 EPS for the current year.

Insiders Place Their Bets

In other Diploma news, insider Katie Bickerstaffe  purchased 177 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of GBX 6,730 per share, for a total transaction of £11,912.10. 1.14% of the stock is owned by insiders.

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.