Halma (LON:HLMA) Price Target Raised to GBX 3,900 at JPMorgan Chase & Co.

Halma (LON:HLMA) had its price objective increased by JPMorgan Chase & Co. from GBX 3,500 to GBX 3,900 in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also issued reports on HLMA. Panmure Gordon lifted their price objective on shares of Halma from GBX 3,610 to GBX 3,820 and gave the company a “buy” rating in a report on Friday, November 21st. Peel Hunt reaffirmed a “buy” rating and set a GBX 3,750 target price on shares of Halma in a research report on Thursday, November 20th. Berenberg Bank boosted their price target 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. The Goldman Sachs Group assumed coverage on Halma in a research note on Thursday, August 7th. They set a “buy” rating and a GBX 3,740 price objective for the company. Finally, Citigroup raised their price objective on Halma from GBX 3,150 to GBX 3,700 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,695.

Halma Stock Performance

Halma stock opened at GBX 3,618 on Thursday. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51. The firm has a market capitalization of £13.67 billion, a P/E ratio of 46.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Halma has a 1-year low of GBX 2,316 and a 1-year high of GBX 3,764. The company’s 50-day moving average is GBX 3,498.88 and its 200 day moving average is GBX 3,293.22.

Insider Buying and Selling

In other news, insider Jennifer Ward sold 15,000 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of GBX 3,381, for a total transaction of £507,150. 0.81% of the stock is owned by company 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.