Diploma (LON:DPLM) Downgraded to Hold Rating by Shore Capital

Shore Capital cut shares of Diploma (LON:DPLM) to a hold rating in a report published on Tuesday morning, Marketbeat reports.

Diploma Stock Performance

Shares of DPLM stock opened at GBX 4,144 ($52.59) on Tuesday. Diploma has a 12 month low of GBX 3,200 ($40.61) and a 12 month high of GBX 4,653 ($59.05). The company’s fifty day simple moving average is GBX 4,399.58 and its 200-day simple moving average is GBX 4,263.55. The firm has a market cap of £5.55 billion, a PE ratio of 4,853.49, a P/E/G ratio of 2.82 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 2.27 and a debt-to-equity ratio of 45.69.

Diploma Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders 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. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 0.93%. Diploma’s dividend payout ratio (DPR) is presently 6,627.91%.

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.