Diploma (LON:DPLM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Diploma PLC stock price surpassed its 200-day moving average during recent trading, reaching a high of GBX 5,487.50 ($74.28).
• Analysts have mixed outlooks on the stock, with a "hold" rating from Shore Capital and a "buy" from Berenberg Bank, setting price targets ranging from GBX 4,440 to GBX 5,750.
• The company has a strong market capitalization of £7.29 billion, but a notably high PE ratio of 4,376.51 suggests potential valuation concerns.

Diploma PLC (LON:DPLM - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,609.28 ($62.39) and traded as high as GBX 5,487.50 ($74.28). Diploma shares last traded at GBX 5,440 ($73.63), with a volume of 175,203 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Shore Capital restated a "hold" rating and set a GBX 5,100 price objective on shares of Diploma in a research note on Thursday, July 17th. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 4,440 price objective on shares of Diploma in a research note on Wednesday, August 6th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 5,750 price objective on shares of Diploma in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 5,097.50.

Diploma Stock Performance

The company has a current ratio of 2.17, a quick ratio of 0.80 and a debt-to-equity ratio of 62.17. The stock has a market capitalization of £7.29 billion, a PE ratio of 4,376.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The firm's fifty day moving average price is GBX 5,260.35 and its two-hundred day moving average price is GBX 4,609.28.

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.

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