Halma (LON:HLMA) Price Target Raised to GBX 3,700

Halma (LON:HLMA) had its target price lifted by Citigroup from GBX 3,150 to GBX 3,700 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on HLMA. Shore Capital reiterated a “hold” rating on shares of Halma in a research report on Friday, September 26th. Panmure Gordon raised their price target on Halma from GBX 3,610 to GBX 3,820 and gave the stock a “buy” rating in a research report on Friday, November 21st. The Goldman Sachs Group began coverage on Halma in a research note on Thursday, August 7th. They issued a “buy” rating and a GBX 3,740 price target for the company. Berenberg Bank increased their price objective on shares of Halma from GBX 3,250 to GBX 3,750 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 3,750 target price on shares of Halma in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 3,643.75.

Halma Stock Down 0.3%

LON HLMA opened at GBX 3,560 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83. The company has a market cap of £13.45 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 2.93 and a beta of 0.53. The company has a 50 day moving average of GBX 3,482.17 and a 200-day moving average of GBX 3,276.92. Halma has a 1-year low of GBX 2,316 and a 1-year high of GBX 3,764.

Insiders Place Their Bets

In other Halma news, insider Jennifer Ward sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of GBX 3,381, for a total transaction of £507,150. 0.81% of the stock is owned by corporate insiders.

Halma Company Profile

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.