Diploma (LON:DPLM) Shares Cross Above 200-Day Moving Average of $2,579.80

Diploma PLC (LON:DPLMGet Rating)’s stock price crossed 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.

Analyst Ratings Changes

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

Diploma Price Performance

The company has a debt-to-equity ratio of 73.00, a quick ratio of 1.45 and a current ratio of 2.37. The stock’s 50 day simple moving average is GBX 2,431.23 and its two-hundred day simple moving average is GBX 2,579.80. 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. Shareholders of record on Thursday, May 26th were paid a GBX 15 ($0.18) dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend was Thursday, May 26th. Diploma’s dividend payout ratio (DPR) is 72.20%.

Diploma Company Profile

(Get Rating)

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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