Halma (LON:HLMA) Sets New 52-Week High – Time to Buy?

Halma plc (LON:HLMA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 4,052 and last traded at GBX 4,014, with a volume of 12882645 shares. The stock had previously closed at GBX 3,972.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HLMA shares. Panmure Gordon upped their price target on shares of Halma from GBX 3,820 to GBX 3,880 and gave the company a “buy” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on Halma from GBX 3,800 to GBX 3,980 and gave the stock a “hold” rating in a report on Friday, January 16th. JPMorgan Chase & Co. boosted their price target on Halma from GBX 3,500 to GBX 3,900 and gave the company a “neutral” rating in a report on Thursday, December 4th. Peel Hunt restated a “buy” rating and issued a GBX 3,750 price objective on shares of Halma in a research report on Thursday, November 20th. Finally, Citigroup lifted their target price on shares of Halma from GBX 3,150 to GBX 3,700 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,737.50.

Halma Trading Up 2.2%

The firm has a market capitalization of £15.73 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The company has a 50 day moving average price of GBX 3,664.02 and a two-hundred day moving average price of GBX 3,510.06.

Halma (LON:HLMA) last issued its quarterly earnings results on Friday, January 16th. The company reported GBX 55.32 EPS for the quarter. Halma had a net margin of 13.21% and a return on equity of 15.87%. On average, research analysts forecast that Halma plc will post 90.5626134 EPS for the current year.

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.