Berenberg Bank Reiterates “Buy” Rating for Halma (LON:HLMA)

Halma (LON:HLMA)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 4,200 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 14.25% from the company’s previous close.

HLMA has been the subject of a number of other reports. Shore Capital Group reiterated a “hold” rating on shares of Halma in a report on Monday, April 13th. Citigroup raised their price target on shares of Halma from GBX 3,700 to GBX 4,600 and gave the company a “buy” rating in a report on Friday, June 12th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 3,050 price objective on shares of Halma in a research report on Thursday, June 11th. Finally, UBS Group reiterated a “buy” rating and set a £47,750 price objective on shares of Halma in a research note on Friday, June 5th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of £4,809.30.

Halma Stock Performance

HLMA opened at GBX 3,676 on Thursday. The firm has a market cap of £13.88 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.93 and a beta of 0.98. The company has a current ratio of 2.14, a quick ratio of 1.51 and a debt-to-equity ratio of 42.13. Halma has a 12 month low of GBX 3,191.38 and a 12 month high of GBX 4,902. The stock has a fifty day moving average price of GBX 4,200.04 and a 200-day moving average price of GBX 4,002.82.

Halma (LON:HLMA) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX 114.05 earnings per share for the quarter. Halma had a return on equity of 17.92% and a net margin of 14.42%.The firm had revenue of GBX 258.23 billion during the quarter. As a group, equities research analysts anticipate that Halma will post 90.5626134 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Marc Ronchetti sold 49,664 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 3,934, for a total transaction of £1,953,781.76. Also, insider Sharmila Nebhrajani purchased 248 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of GBX 4,063 per share, with a total value of £10,076.24. Corporate insiders own 0.83% of the company’s stock.

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.