Diploma (LON:DPLM) Stock Crosses Above 200 Day Moving Average – What’s Next?

Diploma PLC (LON:DPLM) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,894.91 and traded as high as GBX 7,160. Diploma shares last traded at GBX 7,020, with a volume of 227,993 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DPLM. Berenberg Bank increased their price target on shares of Diploma from GBX 7,500 to GBX 9,000 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada upped their price objective on shares of Diploma from GBX 6,600 to GBX 7,300 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 7,000 price objective on shares of Diploma in a report on Friday, May 29th. Stifel Nicolaus upped 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. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Diploma in a report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 6,788.75.

Diploma Stock Performance

The stock has a market capitalization of £9.41 billion, a PE ratio of 49.86, a P/E/G ratio of 2.82 and a beta of 0.92. 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 business’s fifty day moving average price is GBX 6,731.91 and its 200-day moving average price is GBX 5,894.91.

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

Insider Transactions at Diploma

In other news, insider Katie Bickerstaffe  purchased 177 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of GBX 6,730 per share, with a total value of £11,912.10. Also, insider Ian El-Mokadem purchased 500 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of GBX 5,820 per share, for a total transaction of £29,100. 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.