Diploma (LON:DPLM) Earns "Neutral" Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed a "neutral" rating on Diploma's stock, setting a target price of GBX 4,440 ($59.03), indicating a potential downside of 17.93% from its last close.
• Other analysts have varying opinions, with Shore Capital giving a "hold" rating at GBX 5,100 ($67.81) and Berenberg Bank raising their target price to GBX 5,750 ($76.45) with a "buy" rating.
• Diploma's stock price recently opened at GBX 5,410 ($71.93), and the company reported a quarterly EPS of GBX 80.20 ($1.07) with a return on equity of 13.18%.

Diploma (LON:DPLM - Get Free Report)'s stock had its "neutral" rating restated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a GBX 4,440 ($59.72) price objective on the stock. JPMorgan Chase & Co.'s target price points to a potential downside of 17.94% from the company's current price.

A number of other research firms have also recently commented on DPLM. Berenberg Bank raised their price target on Diploma from GBX 5,600 ($75.32) to GBX 5,750 ($77.34) and gave the company a "buy" rating in a report on Friday, July 18th. Shore Capital reaffirmed a "hold" rating and issued a GBX 5,100 ($68.59) price objective on shares of Diploma in a research note on Thursday, July 17th.

Diploma Stock Performance

LON:DPLM traded down GBX 9.51 ($0.13) during mid-day trading on Wednesday, hitting GBX 5,410.50 ($72.77). 158,291 shares of the company traded hands, compared to its average volume of 380,524. The stock's fifty day moving average price is GBX 4,963.23 and its 200-day moving average price is GBX 4,477.09. Diploma has a one year low of GBX 3,532 ($47.51) and a one year high of GBX 5,625 ($75.66). The company has a quick ratio of 0.80, a current ratio of 2.17 and a debt-to-equity ratio of 62.17. The firm has a market cap of £7.22 billion, a price-to-earnings ratio of 62.19, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75.

Diploma (LON:DPLM - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported GBX 80.20 ($1.08) earnings per share (EPS) for the quarter. Diploma had a return on equity of 13.18% and a net margin of 9.25%. Research analysts anticipate that Diploma will post 163.7995512 earnings per share for the current fiscal year.

Insider Buying and Selling at Diploma

In other Diploma news, insider Katie Bickerstaffe acquired 44 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average price of GBX 4,867 ($65.46) per share, with a total value of £2,141.48 ($2,880.27). Insiders bought a total of 96 shares of company stock valued at $473,173 over the last three months. Corporate 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.