Halma (LON:HLMA) Trading Up 12.4% – Here’s What Happened

Halma plc (LON:HLMA) shares were up 12.4% during trading on Thursday . The company traded as high as GBX 3,744.90 and last traded at GBX 3,721.60. Approximately 21,416,410 shares were traded during trading, an increase of 969% from the average daily volume of 2,003,819 shares. The stock had previously closed at GBX 3,312.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HLMA shares. The Goldman Sachs Group assumed coverage on Halma in a report on Thursday, August 7th. They issued a “buy” rating and a GBX 3,740 target price on the stock. Shore Capital restated a “hold” rating on shares of Halma in a research note on Friday, September 26th. Berenberg Bank upped their target price on shares of Halma from GBX 3,250 to GBX 3,750 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Halma from GBX 3,290 to GBX 3,690 and gave the company a “hold” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,396.

Halma Trading Up 12.6%

The stock has a market capitalization of £14.09 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83. The firm has a 50-day moving average price of GBX 3,446.72 and a 200-day moving average price of GBX 3,244.84.

Insider Transactions at Halma

In other Halma news, insider Jennifer Ward sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of GBX 3,381, for a total value of £507,150. 0.81% of the stock is owned by corporate insiders.

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.