Diploma (LON:DPLM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Diploma PLC (LON:DPLM)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,323.40 ($54.33) and traded as high as GBX 4,328 ($54.39). Diploma shares last traded at GBX 4,304 ($54.09), with a volume of 535,398 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DPLM. JPMorgan Chase & Co. upped their target price on shares of Diploma from GBX 4,150 ($52.16) to GBX 4,370 ($54.92) and gave the company a “neutral” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 5,100 ($64.09) price target on shares of Diploma in a research report on Friday, November 22nd. Finally, Shore Capital cut Diploma to a “hold” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,555 ($57.25).

Diploma Price Performance

The company has a market capitalization of £5.77 billion, a P/E ratio of 5,004.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 45.69, a current ratio of 2.27 and a quick ratio of 0.80. The company’s 50-day moving average price is GBX 4,409.37 and its two-hundred day moving average price is GBX 4,323.40.

Diploma Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a GBX 42 ($0.53) dividend. This is a boost from Diploma’s previous dividend of $17.30. This represents a yield of 0.93%. The ex-dividend date is Thursday, January 16th. Diploma’s dividend payout ratio is currently 6,627.91%.

Insiders Place Their Bets

In other news, insider Johnny Thomson sold 26,794 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of GBX 4,536 ($57.01), for a total value of £1,215,375.84 ($1,527,429.73). Company insiders own 0.52% of the company’s stock.

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.