Halma (LON:HLMA) Sets New 12-Month High – Here’s Why

Halma plc (LON:HLMA)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,714 and last traded at GBX 4,692, with a volume of 7066733 shares changing hands. The stock had previously closed at GBX 4,606.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Halma in a report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Halma currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,737.50.

Halma Stock Performance

The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 43.44. The stock has a fifty day moving average price of GBX 4,217.45 and a 200-day moving average price of GBX 3,852.65. The firm has a market capitalization of £17.71 billion, a price-to-earnings ratio of 51.26, a PEG 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.