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

Shares of Diploma PLC (LON:DPLM) crossed 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 traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Diploma from GBX 6,200 to GBX 6,800 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Berenberg Bank raised their price objective on shares of Diploma from GBX 7,500 to GBX 9,000 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. boosted their price target on Diploma from GBX 5,120 to GBX 5,760 and gave the company a “neutral” rating in a research note on Friday, March 27th. Shore Capital Group reiterated a “hold” rating on shares of Diploma in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 7,000 price target on shares of Diploma in a research note on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Diploma currently has an average rating of “Moderate Buy” and an average price target of GBX 6,788.75.

Diploma Trading Down 1.5%

The firm has a market capitalization of £9.41 billion, a price-to-earnings ratio of 49.86, a P/E/G ratio of 2.82 and a beta of 0.92. The company has a debt-to-equity ratio of 47.65, a current ratio of 2.06 and a quick ratio of 0.80. The firm’s 50-day simple moving average is GBX 6,731.91 and its 200 day simple moving average is GBX 5,894.91.

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

Insiders Place Their Bets

In related news, insider Ian El-Mokadem bought 500 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of GBX 5,820 per share, with a total value of £29,100. Also, insider Katie Bickerstaffe  bought 177 shares of the firm’s stock in a transaction 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.