JPMorgan Chase & Co. Issues Positive Forecast for Diploma (LON:DPLM) Stock Price

Diploma (LON:DPLM - Free Report) had its price objective lifted by JPMorgan Chase & Co. from GBX 4,150 ($52.73) to GBX 4,370 ($55.53) in a research report released on Thursday, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

Several other research firms also recently commented on DPLM. Shore Capital downgraded Diploma to a "hold" rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 5,100 ($64.80) price target on shares of Diploma in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 4,555 ($57.88).

Diploma Price Performance

Shares of Diploma stock traded down GBX 62 ($0.79) during midday trading on Thursday, hitting GBX 4,530 ($57.56). 295,738 shares of the company traded hands, compared to its average volume of 372,009. The firm's fifty day moving average price is GBX 4,382.43 and its 200-day moving average price is GBX 4,300.33. The stock has a market cap of £6.07 billion, a price-to-earnings ratio of 5,327.91, a PEG ratio of 2.82 and a beta of 0.75. Diploma has a 12 month low of GBX 3,200 ($40.66) and a 12 month high of GBX 4,653 ($59.12). The company has a debt-to-equity ratio of 45.69, a quick ratio of 0.80 and a current ratio of 2.27.

Diploma Increases Dividend

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

Insider Buying and Selling at Diploma

In other news, insider Johnny Thomson sold 26,794 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of GBX 4,536 ($57.64), for a total transaction of £1,215,375.84 ($1,544,314.92). 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.