Halma (HLMA) Downgraded to Underweight at J P Morgan Chase & Co
Halma (LON:HLMA) was downgraded by J P Morgan Chase & Co to an “underweight” rating in a report released on Friday.
HLMA has been the topic of several other research reports. Numis Securities reaffirmed a “hold” rating and issued a GBX 1,350 ($18.17) price objective on shares of Halma in a research report on Tuesday, December 5th. Shore Capital reissued a “hold” rating on shares of Halma in a research report on Wednesday, September 27th. Credit Suisse Group reissued an “outperform” rating on shares of Halma in a research report on Friday, October 13th. Deutsche Bank reissued a “buy” rating and issued a GBX 1,250 ($16.82) price target on shares of Halma in a research report on Thursday, October 12th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 910 ($12.25) price target on shares of Halma in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,152.50 ($15.51).
Shares of Halma (HLMA) traded down GBX 14 ($0.19) during mid-day trading on Friday, reaching GBX 1,260 ($16.96). 1,988,794 shares of the company’s stock traded hands, compared to its average volume of 1,050,000. Halma has a twelve month low of GBX 879.50 ($11.84) and a twelve month high of GBX 1,341 ($18.05).
In other Halma news, insider Jo Harlow acquired 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of GBX 1,280 ($17.23) per share, with a total value of £25,600 ($34,454.91). Also, insider Tony Rice acquired 9,274 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was acquired at an average cost of GBX 1,073 ($14.44) per share, with a total value of £99,510.02 ($133,930.04).
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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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