Diploma (LON:DPLM) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Diploma PLC's stock price has surpassed its 200-day moving average, reaching a high of GBX 5,450 ($73.68) during trading.
• Research firms have varying ratings for the stock, with a recent upgrade from Berenberg Bank to a "buy" rating and a price target increase to GBX 5,750.
• The company reported a net margin of 9.25% and an expected EPS of approximately 163.80 for the current fiscal year, reflecting solid performance metrics.

Diploma PLC (LON:DPLM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,538.29 ($61.19) and traded as high as GBX 5,450 ($73.48). Diploma shares last traded at GBX 5,430 ($73.21), with a volume of 132,062 shares changing hands.

Analyst Upgrades and Downgrades

DPLM has been the subject of a number of analyst reports. Berenberg Bank lifted their target price on shares of Diploma from GBX 5,600 to GBX 5,750 and gave the stock a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 4,440 target price on shares of Diploma in a report on Wednesday, August 6th. Finally, Shore Capital reaffirmed a "hold" rating and set a GBX 5,100 target price on shares of Diploma in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Diploma has a consensus rating of "Moderate Buy" and an average price target of GBX 5,097.50.

Diploma Trading Down 0.3%

The business's 50-day moving average price is GBX 5,135.47 and its two-hundred day moving average price is GBX 4,552.04. The company has a market capitalization of £7.23 billion, a P/E ratio of 62.29, a PEG ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 62.17, a current ratio of 2.17 and a quick ratio of 0.80.

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.