Diploma (LON:DPLM) Share Price Crosses Above 200-Day Moving Average of $2,579.80

Diploma PLC (LON:DPLMGet Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,579.80 ($31.61) and traded as high as GBX 2,790 ($34.19). Diploma shares last traded at GBX 2,784 ($34.11), with a volume of 91,733 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DPLM shares. Shore Capital reissued a “buy” rating on shares of Diploma in a research report on Thursday, July 21st. Barclays reissued an “overweight” rating and issued a GBX 3,290 ($40.31) price target on shares of Diploma in a research report on Friday, July 22nd. Royal Bank of Canada raised shares of Diploma to a “sector perform” rating and reduced their price target for the company from GBX 2,600 ($31.86) to GBX 2,450 ($30.02) in a research report on Tuesday, May 17th. JPMorgan Chase & Co. reduced their price target on shares of Diploma from GBX 2,450 ($30.02) to GBX 2,100 ($25.73) and set an “underweight” rating for the company in a research report on Wednesday, June 29th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 3,360 ($41.17) price target on shares of Diploma in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Diploma has a consensus rating of “Moderate Buy” and an average target price of GBX 2,940 ($36.02).

Diploma Stock Up 2.5 %

The business’s fifty day moving average price is GBX 2,431.23 and its 200 day moving average price is GBX 2,579.80. The company has a quick ratio of 1.45, a current ratio of 2.37 and a debt-to-equity ratio of 73.00. The firm has a market capitalization of £3.47 billion and a PE ratio of 4,718.64.

Diploma Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 10th. Stockholders of record on Thursday, May 26th were issued a GBX 15 ($0.18) dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a dividend yield of 0.58%. Diploma’s payout ratio is 72.20%.

About Diploma

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Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, rest of Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies clinical diagnostics instrumentation and products, consumables, specialty surgical devices, and related consumables and services to public hospitals, private clinics, pathology laboratories, scientific research, and medical segments; surgical equipment for hospital operating rooms; and distributes laboratory diagnostics, specialty medical devices, devices, equipment, and patient monitoring technologies used in operating theatres, as well as medically supervised nutrition.

Further Reading

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