Halma (OTCMKTS:HLMAF) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Halma (OTCMKTS:HLMAF) from a hold rating to a sell rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Halma PLC is a health and safety sensor technology company. It manufactures products which detect hazards and also protect assets and people at work in public and commercial buildings. Halma PLC is headquartered in Amersham, the United Kingdom. “

A number of other equities research analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Halma from a sell rating to a hold rating in a report on Tuesday, March 3rd. Peel Hunt cut shares of Halma from a buy rating to a hold rating in a report on Thursday, April 23rd. Finally, UBS Group reissued a neutral rating on shares of Halma in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $26.00.

Halma stock opened at $28.29 on Tuesday. The company’s fifty day simple moving average is $28.07 and its 200-day simple moving average is $26.86. Halma has a 12 month low of $19.23 and a 12 month high of $29.90. The stock has a market cap of $10.72 billion, a P/E ratio of 41.00 and a beta of 0.93.

About Halma

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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