Halma plc (HLMA) Cut to “Hold” at Numis Securities Ltd

Numis Securities Ltd cut shares of Halma plc (LON:HLMA) to a hold rating in a research report released on Wednesday. They currently have GBX 1,350 ($17.76) price target on the stock.

Other research analysts have also issued reports about the stock. Barclays PLC lowered shares of Halma to an equal weight rating and lifted their price objective for the stock from GBX 1,150 ($15.13) to GBX 1,160 ($15.26) in a research note on Thursday, August 17th. Shore Capital assumed coverage on shares of Halma in a research note on Thursday, August 31st. They set a hold rating for the company. Liberum Capital reaffirmed a sell rating and set a GBX 910 ($11.97) price objective on shares of Halma in a research note on Wednesday, September 27th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 1,250 ($16.44) price objective on shares of Halma in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co dropped their price objective on shares of Halma from GBX 1,065 ($14.01) to GBX 1,055 ($13.88) and set a neutral rating for the company in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 1,128 ($14.84).

Halma (LON:HLMA) opened at GBX 1,287.31 ($16.93) on Wednesday. Halma has a one year low of GBX 879.50 ($11.57) and a one year high of GBX 1,341 ($17.64).

In related news, insider Tony Rice bought 9,274 shares of the stock in a transaction dated Wednesday, September 27th. The stock was purchased at an average cost of GBX 1,073 ($14.11) per share, with a total value of £99,510.02 ($130,882.57).

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About Halma

Halma plc is involved in the manufacture of a range of products that protect and improve the quality of life for people. The Company operates through four segments: Process Safety, Infrastructure Safety, Medical, and Environmental & Analysis. The Process Safety includes products, which protect assets and people at work, including specialized interlocks, instruments, and explosion protection and corrosion monitoring products.

Analyst Recommendations for Halma (LON:HLMA)

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