Halma plc (HLMA) Stock Rating Lowered by Barclays PLC
Halma plc (LON:HLMA) was downgraded by Barclays PLC to an “equal weight” rating in a report released on Thursday. They currently have a GBX 1,160 ($15.06) price target on the stock, up from their previous price target of GBX 1,150 ($14.93). Barclays PLC’s price objective would suggest a potential upside of 5.65% from the company’s current price.
HLMA has been the subject of a number of other research reports. Shore Capital restated a “not rated” rating on shares of Halma plc in a research note on Tuesday, June 13th. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,250 ($16.23) target price on shares of Halma plc in a research note on Monday, June 19th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 925 ($12.01) target price on shares of Halma plc in a research note on Wednesday, June 14th. HSBC Holdings plc cut Halma plc to a “hold” rating and raised their target price for the company from GBX 1,150 ($14.93) to GBX 1,200 ($15.58) in a research note on Wednesday, June 14th. Finally, Goldman Sachs Group, Inc. (The) raised their target price on Halma plc from GBX 970 ($12.59) to GBX 1,000 ($12.98) and gave the company a “neutral” rating in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,094.55 ($14.21).
Shares of Halma plc (LON:HLMA) traded down 0.54% during trading on Thursday, reaching GBX 1098.00. The company’s stock had a trading volume of 746,643 shares. Halma plc has a 52-week low of GBX 879.50 and a 52-week high of GBX 1,182.00. The stock’s market cap is GBX 4.16 billion. The stock’s 50 day moving average price is GBX 1,099.00 and its 200-day moving average price is GBX 1,058.62.
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In related news, insider Andrew Williams sold 49,651 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of GBX 1,095 ($14.22), for a total transaction of £543,678.45 ($705,800.92).
About Halma plc
Halma plc is involved in the manufacture of a range of products that protect and improve the quality of life for people. The Company operates through four segments: Process Safety, Infrastructure Safety, Medical, and Environmental & Analysis. The Process Safety includes products, which protect assets and people at work, including specialized interlocks, instruments, and explosion protection and corrosion monitoring products.
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