Diploma (LON:DPLM) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Diploma PLC (LON:DPLM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,296.04 and traded as low as GBX 5,275. Diploma shares last traded at GBX 5,310, with a volume of 120,811 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DPLM. Jefferies Financial Group boosted their target price 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. Peel Hunt reissued a “buy” rating and set a GBX 6,150 price objective on shares of Diploma in a research report on Friday, December 19th. Royal Bank Of Canada raised Diploma to an “outperform” rating and raised their target price for the stock from GBX 4,500 to GBX 6,000 in a report on Friday, October 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 6,350 price target on shares of Diploma in a report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Diploma from GBX 5,400 to GBX 6,000 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,605.71.

Diploma Trading Down 0.3%

The stock has a market cap of £7.10 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The stock’s 50-day moving average is GBX 5,424.31 and its two-hundred day moving average is GBX 5,296.04. The company has a debt-to-equity ratio of 62.17, a current ratio of 2.17 and a quick ratio of 0.80.

Diploma (LON:DPLM) last announced its quarterly earnings results on Monday, December 8th. The company reported GBX 176 EPS for the quarter. Diploma had a net margin of 9.25% and a return on equity of 13.18%. Equities research analysts anticipate that Diploma PLC will post 163.7995512 EPS for the current year.

Insider Buying and Selling

In other news, insider Wilson Ng acquired 410 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of GBX 5,369 per share, with a total value of £22,012.90. Also, insider Geraldine Huse bought 750 shares of the stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of GBX 3,997 per share, with a total value of £29,977.50. 1.13% of the stock is currently owned by corporate insiders.

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.