Halma (LON:HLMA) Sets New 1-Year High – Here’s Why

Halma plc (LON:HLMA) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 4,714 and last traded at GBX 4,706, with a volume of 4367708 shares trading hands. The stock had previously closed at GBX 4,560.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLMA. Shore Capital Group reaffirmed a “hold” rating on shares of Halma in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Halma from GBX 3,800 to GBX 3,980 and gave the stock a “hold” rating in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Halma has an average rating of “Moderate Buy” and a consensus price target of GBX 3,737.50.

Halma Price Performance

The company’s 50-day simple moving average is GBX 4,131.34 and its 200 day simple moving average is GBX 3,804.21. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 43.44. The stock has a market capitalization of £17.01 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 2.93 and a beta of 0.96.

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.