Diploma (LON:DPLM) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Diploma PLC (LON:DPLM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 6,195.97 and traded as high as GBX 6,835. Diploma shares last traded at GBX 6,805, with a volume of 286,726 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Diploma from GBX 5,120 to GBX 5,760 and gave the company a “neutral” rating in a research report on Friday, March 27th. Stifel Nicolaus lifted their target price on shares of Diploma from GBX 6,200 to GBX 6,800 and gave the company a “buy” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Diploma from GBX 6,400 to GBX 7,200 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Jefferies Financial Group restated a “hold” rating and set a GBX 7,000 price target on shares of Diploma in a research note on Friday, May 29th. Finally, Berenberg Bank raised their price target on shares of Diploma from GBX 7,500 to GBX 9,000 and gave the company a “buy” rating in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,788.75.

Diploma Stock Performance

The company has a market cap of £9.13 billion, a P/E ratio of 48.33, a P/E/G ratio of 2.82 and a beta of 0.92. The firm has a 50 day moving average price of GBX 6,972.83 and a 200-day moving average price of GBX 6,195.97. 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 issued its quarterly earnings data on Tuesday, May 19th. The company reported GBX 74.70 EPS for the quarter. Diploma had a return on equity of 18.55% and a net margin of 9.42%.The business had revenue of £851.10 million for the quarter. On average, research analysts predict that Diploma PLC will post 163.7995512 EPS for the current year.

Insider Buying and Selling

In related news, insider Katie Bickerstaffe  purchased 177 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of GBX 6,730 per share, for a total transaction of £11,912.10. 1.14% of the stock is currently owned by company insiders.

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.