Diploma (LON:DPLM) Stock Price Passes Above 200 Day Moving Average of $3,627.05

Shares of Diploma PLC (LON:DPLM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,627.05 ($46.01) and traded as high as GBX 4,138 ($52.49). Diploma shares last traded at GBX 4,098 ($51.99), with a volume of 175,608 shares traded.

Analyst Upgrades and Downgrades

DPLM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 4,500 ($57.08) price target on shares of Diploma in a report on Tuesday, May 7th. Berenberg Bank upped their price objective on Diploma from GBX 4,400 ($55.82) to GBX 4,700 ($59.62) and gave the company a “buy” rating in a research note on Monday, May 13th. Shore Capital reiterated a “buy” rating on shares of Diploma in a research report on Monday, May 13th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 4,050 ($51.38) price target on shares of Diploma in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,950 ($50.11).

Diploma Trading Up 1.2 %

The company has a current ratio of 2.27, a quick ratio of 0.80 and a debt-to-equity ratio of 45.69. The business has a 50 day moving average price of GBX 3,981.43 and a 200-day moving average price of GBX 3,630.64. The company has a market cap of £5.62 billion, a P/E ratio of 4,924.71, a PEG ratio of 2.82 and a beta of 0.73.

Diploma Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 23rd were issued a dividend of GBX 17.30 ($0.22) per share. This represents a dividend yield of 0.44%. The ex-dividend date was Thursday, May 23rd. Diploma’s payout ratio is presently 6,705.88%.

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.