Halma plc (LON:HLMA) Given Consensus Recommendation of “Hold” by Analysts

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Halma plc (LON:HLMA) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 1,677.50 ($21.92).

Several brokerages have weighed in on HLMA. Credit Suisse Group raised their price objective on Halma from GBX 1,770 ($23.13) to GBX 1,990 ($26.00) and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Shore Capital restated a “hold” rating on shares of Halma in a research note on Tuesday, June 11th. Deutsche Bank restated a “buy” rating and set a GBX 1,960 ($25.61) price objective on shares of Halma in a research note on Friday, June 7th. Numis Securities restated a “hold” rating on shares of Halma in a research note on Thursday, June 6th. Finally, Morgan Stanley raised their price objective on Halma from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an “equal weight” rating in a research note on Tuesday, June 11th.

LON:HLMA traded up GBX 3 ($0.04) during trading hours on Monday, hitting GBX 1,992.50 ($26.04). 895,794 shares of the company traded hands, compared to its average volume of 921,195. The company has a debt-to-equity ratio of 26.79, a quick ratio of 1.60 and a current ratio of 2.28. The business’s 50-day simple moving average is GBX 1,835.14. Halma has a one year low of GBX 1,215 ($15.88) and a one year high of GBX 2,009 ($26.25). The firm has a market cap of $7.55 billion and a P/E ratio of 44.48.

The firm also recently announced a dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, July 11th will be paid a dividend of GBX 9.60 ($0.13) per share. This represents a dividend yield of 0.48%. This is a boost from Halma’s previous dividend of $6.11. The ex-dividend date of this dividend is Thursday, July 11th. Halma’s payout ratio is presently 0.27%.

Halma Company Profile

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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Analyst Recommendations for Halma (LON:HLMA)

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