Diploma (LON:DPLM) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Diploma PLC (LON:DPLM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,348.66 ($54.28) and traded as high as GBX 4,530 ($56.55). Diploma shares last traded at GBX 4,477.85 ($55.90), with a volume of 199,145 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DPLM. Shore Capital lowered shares of Diploma to a “hold” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 5,100 ($63.66) target price on shares of Diploma in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Diploma from GBX 4,370 ($54.55) to GBX 4,420 ($55.17) and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,567.50 ($57.02).

Diploma Trading Down 0.4 %

The company has a market capitalization of £6.00 billion, a price-to-earnings ratio of 5,206.80, a P/E/G ratio of 2.82 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 2.27 and a debt-to-equity ratio of 45.69. The company’s 50 day simple moving average is GBX 4,362.58 and its two-hundred day simple moving average is GBX 4,350.08.

Diploma (LON:DPLM) last posted its quarterly earnings data on Tuesday, November 19th. The company reported GBX 96.50 ($1.20) EPS for the quarter. Diploma had a net margin of 9.25% and a return on equity of 13.39%. As a group, research analysts anticipate that Diploma PLC will post 163.7995512 earnings per share for the current fiscal year.

Diploma Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of GBX 42 ($0.52) per share. This is an increase from Diploma’s previous dividend of $17.30. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, January 16th. Diploma’s payout ratio is presently 6,627.91%.

Insider Transactions at Diploma

In related news, insider Johnny Thomson sold 26,794 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of GBX 4,536 ($56.62), for a total transaction of £1,215,375.84 ($1,517,133.74). Also, insider Chris Davies bought 3,917 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of GBX 4,280 ($53.43) per share, with a total value of £167,647.60 ($209,271.75). Insiders own 0.52% 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.