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

Shares of Diploma PLC (LON:DPLM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,394.53 and traded as high as GBX 5,565. Diploma shares last traded at GBX 5,490, with a volume of 252,873 shares.

Analyst Upgrades and Downgrades

DPLM has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of Diploma to an “outperform” rating and upped their target price for the company from GBX 4,500 to GBX 6,000 in a report on Friday, October 3rd. Berenberg Bank restated a “buy” rating and issued a GBX 6,350 price objective on shares of Diploma in a research note on Wednesday, November 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 6,150 price objective on shares of Diploma in a report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Diploma from GBX 6,000 to GBX 6,200 and gave the company a “buy” rating in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Diploma currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,634.29.

Diploma Price Performance

The company has a debt-to-equity ratio of 62.17, a quick ratio of 0.80 and a current ratio of 2.17. The company has a market capitalization of £7.31 billion, a PE ratio of 39.69, a P/E/G ratio of 2.82 and a beta of 0.75. The company’s 50-day simple moving average is GBX 5,438.43 and its 200-day simple moving average is GBX 5,394.53.

Diploma (LON:DPLM) last announced its earnings results on Monday, December 8th. The company reported GBX 176 EPS for the quarter. Diploma had a net margin of 9.25% and a return on equity of 13.18%. As a group, sell-side analysts anticipate that Diploma PLC will post 163.7995512 earnings per share for the current year.

Insider Activity

In related news, insider Katie Bickerstaffe bought 352 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were acquired at an average price of GBX 5,645 per share, with a total value of £19,870.40. Also, insider Wilson Ng purchased 410 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were bought at an average price of GBX 5,369 per share, with a total value of £22,012.90. Insiders bought 2,012 shares of company stock worth $9,993,580 over the last quarter. 1.13% of the stock is owned by 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.