Diploma (LON:DPLM) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Diploma shares crossed above their 200-day moving average, reaching GBX 7,455 before last trading at GBX 7,130 on volume of more than 1 million shares.
• Analyst sentiment remains positive, with six Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a GBX 7,400 target price. JPMorgan raised its target to GBX 8,250, while Berenberg set the highest target at GBX 9,000.
• Insiders have been buying shares, purchasing 1,604 shares worth approximately $11.4 million over the past three months, although the stock trades at a relatively high P/E ratio of 50.64.

Diploma PLC (LON:DPLM - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 6,677.62 and traded as high as GBX 7,455. Diploma shares last traded at GBX 7,130, with a volume of 1,033,309 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Diploma from GBX 5,760 to GBX 8,250 and gave the company an "overweight" rating in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Diploma from GBX 6,400 to GBX 7,200 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on shares of Diploma from GBX 7,300 to GBX 7,400 and gave the company an "outperform" rating in a research report on Friday, July 17th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 7,000 target price on shares of Diploma in a research note on Friday, May 29th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 9,000 target price on shares of Diploma in a research report on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 7,400.

Diploma Stock Down 2.7%

The firm's 50-day simple moving average is GBX 7,251.43 and its 200 day simple moving average is GBX 6,677.62. 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 company has a market cap of £9.56 billion, a P/E ratio of 50.64, a PEG ratio of 2.82 and a beta of 0.92.

Insiders Place Their Bets

In related news, insider Katie Bickerstaffe  acquired 47 shares of the company's stock in a transaction that occurred on Thursday, July 16th. The shares were acquired at an average cost of GBX 7,050 per share, for a total transaction of £3,313.50. Also, insider Wilson Ng purchased 424 shares of the company's stock in a transaction on Thursday, July 16th. The stock was purchased at an average cost of GBX 7,066 per share, for a total transaction of £29,959.84. In the last three months, insiders have purchased 1,604 shares of company stock worth $11,447,718. Company insiders own 1.14% of the company's stock.

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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