Analysts Set Halma plc (LON:HLMA) Price Target at GBX 3,455

Halma plc (LON:HLMA) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 3,455.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Halma from GBX 3,290 to GBX 3,690 and gave the stock a “hold” rating in a report on Friday, October 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 3,750 target price on shares of Halma in a report on Thursday. The Goldman Sachs Group initiated coverage on shares of Halma in a report on Thursday, August 7th. They issued a “buy” rating and a GBX 3,740 price target for the company. Shore Capital restated a “hold” rating on shares of Halma in a research report on Friday, September 26th. Finally, Berenberg Bank increased their price objective on Halma from GBX 3,250 to GBX 3,750 and gave the stock a “buy” rating in a research report on Wednesday, September 10th.

Halma Trading Down 2.2%

Halma stock opened at GBX 3,540 on Thursday. Halma has a 12 month low of GBX 2,316 and a 12 month high of GBX 3,764. The business’s fifty day simple moving average is GBX 3,456.76 and its two-hundred day simple moving average is GBX 3,255.18. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83. The company has a market capitalization of £13.37 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Insider Buying and Selling at Halma

In other news, insider Jennifer Ward sold 15,000 shares of Halma stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of GBX 3,381, for a total transaction of £507,150. 0.81% of the stock is currently owned by insiders.

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.