Halma (LON:HLMA) Receives Hold Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of Halma (LON:HLMA) in a research note issued to investors on Thursday morning,Digital Look reports.

HLMA has been the subject of several other research reports. JPMorgan Chase & Co. upgraded Halma to a “neutral” rating and set a GBX 2,600 ($33.63) target price for the company in a research report on Friday, December 6th. Berenberg Bank boosted their target price on Halma from GBX 2,450 ($31.69) to GBX 2,700 ($34.92) and gave the company a “hold” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Halma currently has an average rating of “Hold” and a consensus target price of GBX 2,587.50 ($33.47).

Halma Stock Up 1.5 %

Shares of LON:HLMA opened at GBX 2,711 ($35.07) on Thursday. Halma has a 1 year low of GBX 2,143 ($27.72) and a 1 year high of GBX 3,094 ($40.02). The business has a 50 day simple moving average of GBX 2,833.83 and a two-hundred day simple moving average of GBX 2,683.44. The firm has a market capitalization of £10.21 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51.

Insider Activity at Halma

In other Halma news, insider Carole Cran acquired 8,000 shares of Halma stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of GBX 2,659 ($34.39) per share, with a total value of £212,720 ($275,151.99). 2.20% of the stock is owned by company 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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.