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

Diploma PLC (LON:DPLM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,192.76 and traded as high as GBX 5,520. Diploma shares last traded at GBX 5,510, with a volume of 191,030 shares trading hands.

Analyst Upgrades and Downgrades

DPLM has been the topic of a number of recent research reports. Peel Hunt restated a “buy” rating and set a GBX 6,150 price objective on shares of Diploma in a research note on Tuesday, November 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,350 price target on shares of Diploma in a report on Wednesday, November 19th. Royal Bank Of Canada upgraded shares of Diploma to an “outperform” rating and boosted their price objective for the company from GBX 4,500 to GBX 6,000 in a research report on Friday, October 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 4,440 target price on shares of Diploma in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group lifted their price target on Diploma from GBX 4,500 to GBX 5,200 and gave the company a “hold” rating in a research note on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,605.71.

Diploma Stock Down 0.5%

The company has a market capitalization of £7.34 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 62.17, a current ratio of 2.17 and a quick ratio of 0.80. The firm’s fifty day moving average price is GBX 5,400.87 and its 200-day moving average price is GBX 5,192.76.

Insiders Place Their Bets

In other news, insider Geraldine Huse bought 750 shares of the stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of GBX 3,997 per share, with a total value of £29,977.50. 1.13% of the stock is owned by corporate 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.