Diploma (LON:DPLM) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Diploma shares moved above their 200-day moving average, reaching GBX 7,212.50 before closing at GBX 7,180.57, compared with the 200-day average of GBX 6,577.47.
• Analyst sentiment remains favorable, with five Buy ratings and three Holds producing a “Moderate Buy” consensus; price targets range from GBX 7,000 to GBX 9,000, with an average of GBX 7,044.29.
• The company reported quarterly EPS of GBX 74.70 on £851.10 million in revenue, while insiders purchased shares recently. However, the stock trades at a relatively high price-to-earnings ratio of 51.

Diploma PLC (LON:DPLM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6,577.47 and traded as high as GBX 7,212.50. Diploma shares last traded at GBX 7,180.57, with a volume of 391,966 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DPLM. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Diploma from GBX 6,400 to GBX 7,200 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Royal Bank Of Canada boosted their target price on shares of Diploma from GBX 7,300 to GBX 7,400 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Berenberg Bank reissued a "buy" rating and issued a GBX 9,000 target price on shares of Diploma in a report on Monday, July 20th. Finally, Jefferies Financial Group restated a "hold" rating and issued a GBX 7,000 price target on shares of Diploma in a research note on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 7,044.29.

Diploma Price Performance

The stock's 50-day moving average is GBX 7,227.28 and its 200 day moving average is GBX 6,577.47. The company has a debt-to-equity ratio of 47.65, a quick ratio of 0.80 and a current ratio of 2.06. The stock has a market capitalization of £9.63 billion, a PE ratio of 51.00, a P/E/G ratio of 2.82 and a beta of 0.92.

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

Insider Transactions at Diploma

In other news, insider Wilson Ng bought 424 shares of Diploma stock in a transaction dated Thursday, July 16th. The stock was acquired at an average cost of GBX 7,066 per share, with a total value of £29,959.84. Also, insider Katie Bickerstaffe  bought 47 shares of the firm's stock in a transaction that occurred on Thursday, July 16th. The stock was purchased at an average cost of GBX 7,050 per share, with a total value of £3,313.50. Over the last 90 days, insiders have bought 1,604 shares of company stock worth $11,447,718. Corporate insiders own 1.14% of the company's stock.

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.

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