Shore Capital Reaffirms “Buy” Rating for Halma (LON:HLMA)

Halma (LON:HLMAGet Rating)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a research report issued on Thursday, MarketBeat reports.

A number of other analysts have also recently weighed in on HLMA. Berenberg Bank decreased their price target on shares of Halma from GBX 2,980 ($36.01) to GBX 2,260 ($27.31) and set a “hold” rating for the company in a research note on Thursday, July 21st. JPMorgan Chase & Co. increased their price target on shares of Halma from GBX 2,415 ($29.18) to GBX 2,435 ($29.42) and gave the stock an “underweight” rating in a research note on Monday, June 20th. Barclays decreased their price target on shares of Halma from GBX 2,750 ($33.23) to GBX 2,100 ($25.37) and set an “equal weight” rating for the company in a research note on Thursday, June 23rd. Finally, Jefferies Financial Group decreased their price target on shares of Halma from GBX 1,960 ($23.68) to GBX 1,820 ($21.99) and set an “underperform” rating for the company in a research note on Monday, September 12th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 2,293.50 ($27.71).

Halma Stock Performance

Shares of Halma stock opened at GBX 2,108 ($25.47) on Thursday. The company has a fifty day simple moving average of GBX 2,178.29 and a 200-day simple moving average of GBX 2,244.52. Halma has a 12-month low of GBX 1,855.30 ($22.42) and a 12-month high of GBX 3,270 ($39.51). The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 30.80. The stock has a market cap of £8.00 billion and a price-to-earnings ratio of 3,307.81.

Insider Transactions at Halma

In other news, insider Andrew Williams sold 5,754 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 2,246 ($27.14), for a total value of £129,234.84 ($156,156.16).

About Halma

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Halma plc, through its subsidiaries, provides technology solutions in the safety, health, and environmental markets. It operates through three segments: Safety, Environmental & Analysis, and Medical. The Safety segment provides fire detection, specialist fire suppression, elevator safety, security sensors, people and vehicle flow technologies, specialized interlocks that control critical processes safely, and explosion protection and corrosion monitoring systems.

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