Diploma (LON:DPLM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Diploma PLC (LON:DPLM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6,002.31 and traded as high as GBX 7,140. Diploma shares last traded at GBX 7,135, with a volume of 49,304,086 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Diploma from GBX 6,200 to GBX 6,800 and gave the company a “buy” rating in a report on Thursday, March 19th. Berenberg Bank boosted their target price on shares of Diploma from GBX 7,500 to GBX 9,000 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft increased their target price on Diploma from GBX 6,400 to GBX 7,200 and gave the company a “buy” rating in a report on Wednesday, May 20th. Shore Capital Group restated a “hold” rating on shares of Diploma in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price target on Diploma from GBX 5,120 to GBX 5,760 and gave the stock a “neutral” rating in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,788.75.

Diploma Stock Up 0.8%

The company has a debt-to-equity ratio of 47.65, a current ratio of 2.06 and a quick ratio of 0.80. The company has a market cap of £9.64 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 2.82 and a beta of 0.92. The firm’s 50 day simple moving average is GBX 6,917.30 and its 200-day simple moving average is GBX 6,010.62.

Diploma (LON:DPLM) last posted its earnings results on Tuesday, May 19th. The company reported GBX 74.70 EPS for the quarter. Diploma had a return on equity of 18.55% and a net margin of 9.42%.The business had revenue of £851.10 million for the quarter. As a group, sell-side analysts anticipate that Diploma PLC will post 163.7995512 earnings per share for the current year.

Insider Activity

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

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.