Diploma (LON:DPLM) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

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 5,423.17 and traded as high as GBX 5,683. Diploma shares last traded at GBX 5,635, with a volume of 83,565,617 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DPLM. Peel Hunt restated a “buy” rating and issued a GBX 6,150 price objective on shares of Diploma in a report on Friday, December 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,350 price target on shares of Diploma in a research report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Diploma from GBX 6,000 to GBX 6,200 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,634.29.

Diploma Stock Up 0.2%

The company has a market capitalization of £7.56 billion, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 2.17 and a debt-to-equity ratio of 62.17. The business has a 50-day moving average price of GBX 5,445.58 and a 200-day moving average price of GBX 5,423.16.

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

Insider Activity

In other news, insider Wilson Ng purchased 410 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were acquired at an average price of GBX 5,369 per share, for a total transaction of £22,012.90. Also, insider Katie Bickerstaffe purchased 352 shares of Diploma stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average price of GBX 5,645 per share, with a total value of £19,870.40. In the last ninety days, insiders acquired 1,262 shares of company stock valued at $6,995,830. 1.14% of the stock is currently owned by insiders.

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.