Halma plc (LON:HLMA) Given Average Recommendation of “Moderate Buy” by Brokerages

Halma plc (LON:HLMA) has been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is £4,809.30.

Several research firms have commented on HLMA. Citigroup lifted their target price on shares of Halma from GBX 3,700 to GBX 4,600 and gave the stock a “buy” rating in a research note on Friday, June 12th. UBS Group restated a “buy” rating and set a £47,750 price objective on shares of Halma in a report on Friday, June 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,200 price objective on shares of Halma in a research report on Thursday, July 16th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 3,050 target price on shares of Halma in a research note on Thursday, June 11th. Finally, Shore Capital Group reiterated a “hold” rating on shares of Halma in a research report on Monday, April 13th.

Halma Price Performance

Halma stock opened at GBX 3,538 on Tuesday. The stock has a market capitalization of £13.36 billion, a P/E ratio of 36.04, a P/E/G ratio of 2.93 and a beta of 0.98. Halma has a 12-month low of GBX 3,191.38 and a 12-month high of GBX 4,902. The company has a debt-to-equity ratio of 42.13, a current ratio of 2.14 and a quick ratio of 1.51. The firm’s 50-day moving average is GBX 4,087.66 and its two-hundred day moving average is GBX 4,009.11.

Halma (LON:HLMA) last posted its quarterly earnings data on Thursday, June 11th. The company reported GBX 114.05 earnings per share for the quarter. The business had revenue of GBX 258.23 billion during the quarter. Halma had a net margin of 14.42% and a return on equity of 17.92%. Equities analysts predict that Halma will post 90.5626134 earnings per share for the current year.

Insider Activity

In related news, insider Sharmila Nebhrajani bought 248 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of GBX 4,063 per share, with a total value of £10,076.24. Also, insider Marc Ronchetti sold 49,664 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of GBX 3,934, for a total transaction of £1,953,781.76. Insiders sold a total of 75,188 shares of company stock valued at $291,007,831 in the last 90 days. 0.83% of the stock is currently owned by insiders.

About Halma

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.