Halma’s (HLMA) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Halma (LON:HLMA) in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 4,200 price target on the stock.

Several other analysts have also commented on HLMA. Shore Capital Group restated a “hold” rating on shares of Halma in a research report on Monday, April 13th. UBS Group reiterated a “buy” rating and issued a £47,750 price objective on shares of Halma in a research report on Friday, June 5th. Citigroup increased their target price on shares of Halma from GBX 3,700 to GBX 4,600 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 3,050 target price on shares of Halma in a research report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Halma presently has an average rating of “Moderate Buy” and a consensus price target of £4,809.30.

Halma Stock Performance

Halma stock opened at GBX 3,676 on Thursday. The firm has a market cap of £13.88 billion, a PE ratio of 37.45, a P/E/G ratio of 2.93 and a beta of 0.98. Halma has a 12 month low of GBX 3,191.38 and a 12 month high of GBX 4,902. The stock’s 50 day simple moving average is GBX 4,200.04 and its two-hundred day simple moving average is GBX 4,002.82. The company has a current ratio of 2.14, a quick ratio of 1.51 and a debt-to-equity ratio of 42.13.

Halma (LON:HLMA) last posted its earnings results on Thursday, June 11th. The company reported GBX 114.05 earnings per share for the quarter. Halma had a net margin of 14.42% and a return on equity of 17.92%. The firm had revenue of GBX 258.23 billion during the quarter. Analysts anticipate that Halma will post 90.5626134 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Sharmila Nebhrajani purchased 248 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of GBX 4,063 per share, with a total value of £10,076.24. Also, insider Marc Ronchetti sold 49,664 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 3,934, for a total transaction of £1,953,781.76. Company insiders own 0.83% of the company’s stock.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.