Analysts Set Halma plc (LON:HLMA) Price Target at £6,003.71

Shares of Halma plc (LON:HLMA) have earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is £6,003.71.

Several research analysts have issued reports on the company. Citigroup boosted their price target on Halma from GBX 3,700 to GBX 4,600 and gave the company a “buy” rating in a research note on Friday, June 12th. UBS Group reiterated a “buy” rating and issued a £47,750 price objective on shares of Halma in a research note on Friday, June 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,660 price objective on shares of Halma in a report on Friday, September 11th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 4,200 target price on shares of Halma in a research report on Thursday, July 16th.

Halma Stock Up 2.5%

Halma stock opened at GBX 3,578 on Wednesday. The stock has a market cap of £13.51 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.93 and a beta of 0.97. The company has a debt-to-equity ratio of 42.13, a quick ratio of 1.51 and a current ratio of 2.14. Halma has a one year low of GBX 3,268 and a one year high of GBX 4,902. The stock has a fifty day moving average of GBX 3,611.32 and a 200 day moving average of GBX 3,972.81.

Insider Buying and Selling at Halma

In other news, insider Jennifer Ward sold 13,145 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of GBX 3,645, for a total value of £479,135.25. Also, insider Marc Ronchetti sold 49,664 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 3,934, for a total value of £1,953,781.76. Insiders have sold a total of 122,188 shares of company stock worth $470,218,831 in the last quarter. Corporate insiders own 0.82% of the company’s stock.

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.