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

Diploma PLC (LON:DPLM)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6,799.01 and traded as high as GBX 7,215. Diploma shares last traded at GBX 7,170, with a volume of 455,800 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on DPLM. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 7,400 price objective on shares of Diploma in a report on Tuesday, September 8th. Berenberg Bank restated a “buy” rating and set a GBX 9,000 target price on shares of Diploma in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on shares of Diploma from GBX 5,760 to GBX 8,250 and gave the stock an “overweight” rating in a report on Monday, August 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 7,000 price objective on shares of Diploma in a research report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 7,400.

Diploma Stock Down 0.1%

The company’s 50-day simple moving average is GBX 7,277.01 and its two-hundred day simple moving average is GBX 6,810.66. The firm has a market capitalization of £9.82 billion, a P/E ratio of 51.99, 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.

Insiders Place Their Bets

In related news, insider Katie Bickerstaffe  purchased 47 shares of Diploma stock in a transaction on Thursday, July 16th. The stock was acquired at an average price of GBX 7,050 per share, for a total transaction of £3,313.50. Also, insider Wilson Ng acquired 424 shares of the stock in a transaction dated Thursday, July 16th. The shares were bought at an average cost of GBX 7,066 per share, for a total transaction of £29,959.84. Insiders purchased a total of 1,604 shares of company stock worth $11,447,718 over the last quarter. 1.14% of the stock is currently owned by corporate 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.