Halma plc (HLMA) Upgraded at Shore Capital
Halma plc (LON:HLMA) was upgraded by research analysts at Shore Capital to a “buy” rating in a report released on Tuesday.
A number of other brokerages have also weighed in on HLMA. Liberum Capital restated a “sell” rating and set a GBX 910 ($11.97) price objective on shares of Halma plc in a research note on Monday. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,250 ($16.44) target price on shares of Halma plc in a research report on Thursday, November 2nd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,055 ($13.88) target price on shares of Halma plc in a research report on Thursday, November 2nd. Credit Suisse Group reiterated an “outperform” rating on shares of Halma plc in a research report on Friday, October 13th. Finally, Barclays PLC lowered Halma plc to an “equal weight” rating and lifted their target price for the stock from GBX 1,150 ($15.13) to GBX 1,160 ($15.26) in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,113 ($14.64).
Shares of Halma plc (HLMA) traded up GBX 37 ($0.49) during midday trading on Tuesday, reaching GBX 1,322 ($17.39). The company’s stock had a trading volume of 1,948,349 shares, compared to its average volume of 789,650. Halma plc has a 12-month low of GBX 879.50 ($11.57) and a 12-month high of GBX 1,293 ($17.01).
In related news, insider Tony Rice purchased 9,274 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average price of GBX 1,073 ($14.11) per share, with a total value of £99,510.02 ($130,882.57).
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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