Investec Lowers Halma plc Price Target to GBX 620 (HLMA)
Research analysts at Investec decreased their target price on shares of Halma plc (LON:HLMA) from GBX 685 ($11.71) to GBX 620 ($10.59) in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Investec’s price target would suggest a potential upside of 10.42% from the company’s current price.
Halma plc (LON:HLMA) traded up 0.27% during mid-day trading on Tuesday, hitting GBX 563.00. The stock had a trading volume of 136,710 shares. Halma plc has a 52-week low of GBX 522.50 and a 52-week high of GBX 629.50. The stock has a 50-day moving average of GBX 588.5 and a 200-day moving average of GBX 588.3. The company’s market cap is £2.127 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, August 20th. Investors of record on Wednesday, July 16th will be paid a dividend of GBX 6.82 ($0.12) per share. This represents a dividend yield of 1.11%. The ex-dividend date is Wednesday, July 16th.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Halma plc in a research note on Wednesday, July 9th. They now have a GBX 665 ($11.36) price target on the stock. Separately, 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 ($9.40) price target on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 594 ($10.15).
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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