Halma plc Price Target Cut to GBX 700 by Analysts at Investec (HLMA)
Stock analysts at Investec lowered their target price on shares of Halma plc (LON:HLMA) from GBX 715 ($12.17) to GBX 700 ($11.91) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Investec’s target price suggests a potential upside of 18.95% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Halma plc in a research note on Thursday, June 19th. They now have a GBX 550 ($9.36) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Halma plc from GBX 620 ($10.55) to GBX 665 ($11.32) in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Halma plc in a research note on Thursday, June 12th. They now have a GBX 650 ($11.06) price target on the stock, up previously from GBX 65 ($1.11). Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 605.43 ($10.30).
Halma plc (LON:HLMA) traded down 1.75% during mid-day trading on Tuesday, hitting GBX 588.50. 531,040 shares of the company’s stock traded hands. Halma plc has a 1-year low of GBX 489.552 and a 1-year high of GBX 629.50. The stock’s 50-day moving average is GBX 585.8 and its 200-day moving average is GBX 589.5. The company’s market cap is £2.224 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Wednesday, July 16th will be given a dividend of GBX 6.82 ($0.12) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, July 16th.
Halma p.l.c. is engaged in the business to make products, which protect lives and improve the quality of life for people worldwide.
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