Goldman Sachs Group upgraded shares of Halma (LON:HLMA) to a buy rating in a report released on Monday, Stock Target Advisor reports. They currently have GBX 2,300 ($30.26) price objective on the stock, up from their prior price objective of GBX 1,900 ($24.99).
A number of other brokerages have also recently commented on HLMA. BNP Paribas reaffirmed a neutral rating on shares of Halma in a research note on Thursday, November 28th. Jefferies Financial Group boosted their target price on Halma from GBX 1,830 ($24.07) to GBX 2,040 ($26.84) and gave the company a hold rating in a research note on Friday, December 20th. Berenberg Bank boosted their target price on Halma from GBX 1,705 ($22.43) to GBX 1,850 ($24.34) and gave the company a hold rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on Halma from GBX 1,420 ($18.68) to GBX 1,500 ($19.73) and gave the company an underweight rating in a research note on Friday, October 11th. Finally, UBS Group reissued a neutral rating on shares of Halma in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,854.50 ($24.39).
Shares of Halma stock opened at GBX 2,118 ($27.86) on Monday. The company has a quick ratio of 1.76, a current ratio of 2.55 and a debt-to-equity ratio of 36.87. Halma has a 12 month low of GBX 19.03 ($0.25) and a 12 month high of GBX 2,195 ($28.87). The business has a fifty day simple moving average of GBX 2,115.08 and a 200 day simple moving average of GBX 1,995.12. The stock has a market cap of $8.05 billion and a PE ratio of 44.59.
The firm also recently announced a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Tuesday, December 24th will be paid a GBX 6.54 ($0.09) dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a yield of 0.32%. Halma’s payout ratio is 0.27%.
In other Halma news, insider Marc Ronchetti sold 5,408 shares of the business’s stock in a transaction dated Saturday, November 23rd. The stock was sold at an average price of GBX 2,055 ($27.03), for a total value of £111,134.40 ($146,191.00).
Halma Company Profile
Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.
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