Diploma (LON:DPLM) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Diploma PLC (LON:DPLM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6,002.31 and traded as high as GBX 7,140. Diploma shares last traded at GBX 7,135, with a volume of 49,304,086 shares changing hands.

Analyst Ratings Changes

DPLM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Diploma from GBX 5,120 to GBX 5,760 and gave the stock a “neutral” rating in a report on Friday, March 27th. Stifel Nicolaus upped their target price on shares of 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 target price on shares of Diploma from GBX 6,600 to GBX 7,300 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 7,000 price target on shares of Diploma in a report on Friday, May 29th. Finally, Berenberg Bank boosted their price target on shares of Diploma from GBX 7,500 to GBX 9,000 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,788.75.

Diploma Stock Performance

The firm has a market capitalization of £9.57 billion, a PE ratio of 50.67, a PEG ratio of 2.82 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 2.06 and a debt-to-equity ratio of 47.65. The company has a 50-day moving average of GBX 6,903.48 and a 200 day moving average of GBX 6,002.31.

Diploma (LON:DPLM) last released its quarterly earnings results 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 firm had revenue of £851.10 million for the quarter. Equities research analysts predict that Diploma PLC will post 163.7995512 EPS for the current year.

Insider Activity at Diploma

In related news, insider Katie Bickerstaffe  acquired 177 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost 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.