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

Diploma (LON:DPLM) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from GBX 5,760 to GBX 8,250 in a research note issued on Monday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 13.25% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Diploma from GBX 6,400 to GBX 7,200 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada boosted their target price on Diploma from GBX 7,300 to GBX 7,400 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Jefferies Financial Group restated a “hold” rating and issued a GBX 7,000 price target on shares of Diploma in a research report on Friday, May 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 9,000 price target on shares of Diploma in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 7,400.

Diploma Trading Up 1.5%

Shares of DPLM stock opened at GBX 7,285 on Monday. Diploma has a twelve month low of GBX 4,970 and a twelve month high of GBX 7,765. The company has a current ratio of 2.06, a quick ratio of 0.80 and a debt-to-equity ratio of 47.65. The business’s 50 day moving average is GBX 7,227.28 and its two-hundred day moving average is GBX 6,585.94. The company has a market capitalization of £9.77 billion, a P/E ratio of 51.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92.

Insider Transactions at Diploma

In related news, insider Mandy Gradden acquired 1,000 shares of Diploma stock in a transaction dated Friday, July 17th. The shares were acquired at an average cost of GBX 7,183 per share, for a total transaction of £71,830. Also, insider Katie Bickerstaffe  acquired 133 shares of the company’s stock in a transaction that occurred on Thursday, July 16th. The shares were bought at an average price of GBX 7,048 per share, with a total value of £9,373.84. Insiders purchased a total of 1,604 shares of company stock valued at $11,447,718 over the last three months. 1.14% of the stock is currently owned by insiders.

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.