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

Halma plc (LON:HLMA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 4,638 and last traded at GBX 4,632.66, with a volume of 20780477 shares trading hands. The stock had previously closed at GBX 4,514.

Analysts Set New Price Targets

Several equities analysts have commented on HLMA shares. Shore Capital Group reiterated a “hold” rating on shares of Halma in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Halma from GBX 3,800 to GBX 3,980 and gave the company a “hold” rating in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 3,737.50.

Halma Stock Performance

The stock’s 50 day simple moving average is GBX 4,074.50 and its two-hundred day simple moving average is GBX 3,761.83. The company has a debt-to-equity ratio of 43.44, a current ratio of 2.18 and a quick ratio of 1.51. The company has a market capitalization of £17.18 billion, a P/E ratio of 49.74, a P/E/G ratio of 2.93 and a beta of 0.96.

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.