Halma plc (LON:HLMA) Receives £4,809.30 Average Target Price from Brokerages

Shares of Halma plc (LON:HLMA) have received an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is £4,809.30.

Several research analysts have recently commented on HLMA shares. Shore Capital Group reissued a “hold” rating on shares of Halma in a report on Monday, April 13th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 3,050 target price on shares of Halma in a research note on Thursday, June 11th. UBS Group reiterated a “buy” rating and set a £47,750 target price on shares of Halma in a research report on Friday, June 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 4,200 price target on shares of Halma in a research note on Thursday, July 16th. Finally, Citigroup boosted their price target on shares of Halma from GBX 3,700 to GBX 4,600 and gave the stock a “buy” rating in a research note on Friday, June 12th.

Halma Price Performance

LON:HLMA opened at GBX 3,530 on Tuesday. The firm has a market capitalization of £13.33 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 2.93 and a beta of 0.98. Halma has a 52-week low of GBX 3,191.38 and a 52-week high of GBX 4,902. The stock has a fifty day moving average of GBX 4,010.60 and a 200 day moving average of GBX 4,002.70. The company has a debt-to-equity ratio of 42.13, a quick ratio of 1.51 and a current ratio of 2.14.

Halma (LON:HLMA) last posted its earnings results on Thursday, June 11th. The company reported GBX 114.05 EPS for the quarter. Halma had a return on equity of 17.92% and a net margin of 14.42%.The business had revenue of GBX 258.23 billion during the quarter. On average, research analysts expect that Halma will post 90.5626134 EPS for the current fiscal year.

Insider Transactions at Halma

In other Halma news, insider Marc Ronchetti sold 49,664 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 3,934, for a total transaction of £1,953,781.76. Also, insider Jennifer Ward sold 13,145 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of GBX 3,645, for a total value of £479,135.25. In the last ninety days, insiders sold 75,188 shares of company stock valued at $291,007,831. Insiders own 0.83% of the company’s stock.

Halma Company Profile

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.