Halma plc (LON:HLMA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Halma plc (LON:HLMA) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,702.50.

A number of brokerages have commented on HLMA. Shore Capital reaffirmed a “hold” rating on shares of Halma in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Halma from GBX 3,690 to GBX 3,700 and gave the stock a “hold” rating in a research note on Friday, November 28th. Citigroup boosted their price objective on shares of Halma from GBX 3,150 to GBX 3,700 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Peel Hunt reiterated a “buy” rating and issued a GBX 3,750 target price on shares of Halma in a research report on Thursday, November 20th. Finally, Panmure Gordon raised their price objective on Halma from GBX 3,820 to GBX 3,880 and gave the company a “buy” rating in a report on Friday, December 5th.

Halma Price Performance

Shares of HLMA opened at GBX 3,628 on Friday. The company’s 50-day moving average is GBX 3,531.65 and its 200-day moving average is GBX 3,392.82. 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 £13.70 billion, a PE ratio of 39.67, a PEG ratio of 2.93 and a beta of 0.53. Halma has a fifty-two week low of GBX 2,316 and a fifty-two week high of GBX 3,764.

About Halma

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.