Diploma (LON:DPLM) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Diploma PLC (LON:DPLM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,726.17 and traded as high as GBX 6,765. Diploma shares last traded at GBX 6,685, with a volume of 383,568 shares trading hands.

Analysts Set New Price Targets

DPLM has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Diploma from GBX 5,120 to GBX 5,760 and gave the company a “neutral” rating in a research note on Friday, March 27th. Shore Capital Group restated a “hold” rating on shares of Diploma in a research note on Wednesday, March 18th. Royal Bank Of Canada raised their price target on Diploma from GBX 6,200 to GBX 6,600 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Jefferies Financial Group raised their price target on Diploma from GBX 5,200 to GBX 5,700 and gave the company a “hold” rating in a research note on Monday, March 23rd. Finally, Stifel Nicolaus raised their price target on Diploma from GBX 6,200 to GBX 6,800 and gave the company a “buy” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,251.25.

Diploma Stock Performance

The business’s 50 day moving average price is GBX 6,221.64 and its 200-day moving average price is GBX 5,726.17. The company has a current ratio of 2.04, a quick ratio of 0.80 and a debt-to-equity ratio of 46.97. The company has a market cap of £8.96 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 2.82 and a beta of 0.92.

Insider Activity

In related news, insider Ian El-Mokadem bought 500 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of GBX 5,820 per share, for a total transaction of £29,100. Corporate insiders own 1.14% of the company’s stock.

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.