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

Diploma PLC (LON:DPLM) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Berenberg Bank increased their target price on Diploma from GBX 7,500 to GBX 9,000 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Stifel Nicolaus increased their target price on Diploma from GBX 6,200 to GBX 6,800 and gave the stock a “buy” rating in a report on Thursday, March 19th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 7,000 target price on shares of Diploma in a report on Friday, May 29th. Shore Capital Group reiterated a “hold” rating on shares of Diploma in a report on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Diploma from GBX 6,400 to GBX 7,200 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Diploma currently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,788.75.

Diploma Price Performance

The company has a market cap of £9.41 billion, a P/E ratio of 49.86, a PEG ratio of 2.82 and a beta of 0.92. The company has a fifty day moving average price of GBX 6,731.91 and a two-hundred day moving average price of GBX 5,894.91. The company has a debt-to-equity ratio of 47.65, a quick ratio of 0.80 and a current ratio of 2.06.

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

Insider Activity

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