Diploma (LON:DPLM) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Diploma PLC (LON:DPLM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6,068.60 and traded as high as GBX 7,130. Diploma shares last traded at GBX 7,060, with a volume of 43,972,938 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DPLM. Stifel Nicolaus boosted their price target on Diploma from GBX 6,200 to GBX 6,800 and gave the stock a “buy” rating in a report on Thursday, March 19th. Royal Bank Of Canada increased their price objective on Diploma from GBX 6,600 to GBX 7,300 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on shares of Diploma from GBX 5,120 to GBX 5,760 and gave the company a “neutral” rating in a research note on Friday, March 27th. Jefferies Financial Group restated a “hold” rating and issued a GBX 7,000 target price on shares of Diploma in a report on Friday, May 29th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Diploma in a research note on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,788.75.

Diploma Trading Down 1.3%

The company has a market cap of £9.47 billion, a PE ratio of 50.14, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. The business has a 50 day simple moving average of GBX 6,962.94 and a two-hundred day simple moving average of GBX 6,068.60. The company has a current ratio of 2.06, a quick ratio of 0.80 and a debt-to-equity ratio of 47.65.

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

Insider Transactions at Diploma

In other Diploma news, insider Katie Bickerstaffe  purchased 177 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of GBX 6,730 per share, for a total transaction of £11,912.10. 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.