Diploma (LON:DPLM) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Diploma PLC's stock has recently crossed above its 200-day moving average, trading at GBX 5,306.30 ($70.68) with a volume of 55,324,188 shares.
• Analysts have varied opinions on the stock; Royal Bank Of Canada upgraded it to "outperform" with a target price of GBX 6,000, while a consensus rating remains a "Moderate Buy."
• The company's market cap stands at £7.16 billion, with a price-to-earnings ratio of 4,296.06 and a debt-to-equity ratio of 62.17.

Diploma PLC (LON:DPLM - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,813.92 ($64.13) and traded as high as GBX 5,330 ($71.00). Diploma shares last traded at GBX 5,306.30 ($70.68), with a volume of 55,324,188 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 4,440 target price on shares of Diploma in a research report on Wednesday, August 6th. Royal Bank Of Canada upgraded Diploma to an "outperform" rating and boosted their target price for the stock from GBX 4,500 to GBX 6,000 in a research report on Friday, October 3rd. Berenberg Bank boosted their target price on Diploma from GBX 5,750 to GBX 6,350 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Shore Capital reiterated a "hold" rating and set a GBX 5,100 target price on shares of Diploma in a research report on Thursday, July 17th. Finally, Jefferies Financial Group boosted their target price on Diploma from GBX 4,500 to GBX 5,200 and gave the stock a "hold" rating in a research report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,365.

Diploma Trading Up 0.4%

The firm has a market cap of £7.16 billion, a price-to-earnings ratio of 4,296.06, a PEG ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 62.17, a quick ratio of 0.80 and a current ratio of 2.17. The business has a fifty day moving average of GBX 5,390.71 and a two-hundred day moving average of GBX 4,813.92.

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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