Diploma (LON:DPLM) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Diploma PLC (LON:DPLM) shares have recently surpassed their 200-day moving average, trading at GBX 5,276.95, which is significantly above the average of GBX 4,695.21.
• Equities analysts have mixed views on the stock, with two rating it as a Buy and three as a Hold, reflecting a consensus price target of GBX 5,238.
• The company operates under three sectors: Life Sciences, Seals, and Controls, providing specialized technical products and services across various regions including the UK and North America.

Shares of 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 4,695.21 ($62.92) and traded as high as GBX 5,330 ($71.43). Diploma shares last traded at GBX 5,276.95 ($70.72), with a volume of 658,915 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DPLM shares. Jefferies Financial Group increased their price objective on shares of Diploma from GBX 4,500 to GBX 5,200 and gave the company a "hold" rating in a research report on Thursday, September 11th. 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. Berenberg Bank increased their price target on shares of Diploma from GBX 5,750 to GBX 6,350 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Shore Capital restated a "hold" rating and set a GBX 5,100 price objective on shares of Diploma in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 5,238.

Diploma Price Performance

The firm has a market capitalization of £7.07 billion, a price-to-earnings ratio of 4,245.33, a P/E/G ratio of 2.82 and a beta of 0.75. The company's 50 day moving average is GBX 5,375.19 and its 200 day moving average is GBX 4,695.21. The company has a quick ratio of 0.80, a current ratio of 2.17 and a debt-to-equity ratio of 62.17.

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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