Halma (LON:HLMA) had its price target hoisted by Morgan Stanley from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 22.12% from the stock’s current price.
A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their target price on Halma from GBX 1,185 ($15.48) to GBX 1,420 ($18.55) and gave the stock an “underweight” rating in a research report on Wednesday. Credit Suisse Group lifted their price target on Halma from GBX 1,770 ($23.13) to GBX 1,990 ($26.00) and gave the stock an “outperform” rating in a research note on Tuesday. Shore Capital reiterated a “hold” rating on shares of Halma in a research note on Tuesday. UBS Group reiterated a “sell” rating on shares of Halma in a research note on Friday, June 7th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Halma in a research note on Friday, June 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,633.89 ($21.35).
Shares of LON HLMA traded up GBX 21.50 ($0.28) during midday trading on Tuesday, reaching GBX 2,003 ($26.17). 992,113 shares of the company’s stock were exchanged, compared to its average volume of 921,195. Halma has a 52-week low of GBX 1,215 ($15.88) and a 52-week high of GBX 1,892 ($24.72). The firm has a market cap of $7.52 billion and a price-to-earnings ratio of 45.42. The company has a debt-to-equity ratio of 28.15, a quick ratio of 1.63 and a current ratio of 2.38.
Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.
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