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

Posted by MarketBeat News on Aug 5th, 2022

Shares of Diploma PLC (LON:DPLM – Get Rating) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Diploma in a research report on Thursday, July 21st. JPMorgan Chase & Co. cut their price target on Diploma from GBX 2,450 ($30.02) to GBX 2,100 ($25.73) and set an “underweight” rating on the stock in a research report on Wednesday, June 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,360 ($41.17) price target on shares of Diploma in a research report on Tuesday, July 26th. Royal Bank of Canada raised Diploma to a “sector perform” rating and cut their price target for the stock from GBX 2,600 ($31.86) to GBX 2,450 ($30.02) in a research report on Tuesday, May 17th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 3,290 ($40.31) price target on shares of Diploma in a research report on Friday, July 22nd. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,940 ($36.02).

Diploma Price Performance

The company has a current ratio of 2.37, a quick ratio of 1.45 and a debt-to-equity ratio of 73.00. The stock has a market capitalization of £3.47 billion and a price-to-earnings ratio of 4,718.64. The stock has a 50-day moving average price of GBX 2,431.23 and a 200 day moving average price of GBX 2,579.80.

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 given a dividend of GBX 15 ($0.18) per share. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, May 26th. Diploma’s dividend payout ratio (DPR) is presently 72.20%.

Diploma Company Profile

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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.