Halma (LON:HLMA) had its price objective upped by JPMorgan Chase & Co. from GBX 1,185 ($15.48) to GBX 1,420 ($18.55) in a report released on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 28.88% from the company’s current price.
A number of other equities research analysts have also issued reports on the company. Shore Capital reissued a “hold” rating on shares of Halma in a research note on Thursday, March 21st. Deutsche Bank reissued a “buy” rating on shares of Halma in a research note on Friday, March 22nd. UBS Group reissued a “sell” rating on shares of Halma in a research note on Friday, March 22nd. BNP Paribas lowered Halma to a “neutral” rating and raised their price target for the stock from GBX 1,550 ($20.25) to GBX 1,650 ($21.56) in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,675 ($21.89) price target (up from GBX 1,390 ($18.16)) on shares of Halma in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,633.89 ($21.35).
Shares of HLMA stock opened at GBX 1,996.50 ($26.09) on Wednesday. Halma has a 52-week low of GBX 1,215 ($15.88) and a 52-week high of GBX 1,892 ($24.72). The company has a debt-to-equity ratio of 28.15, a current ratio of 2.38 and a quick ratio of 1.63. The company has a market cap of $7.57 billion and a P/E ratio of 45.27.
Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.
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