Halma (LON:HLMA) Shares Down 15.4% – What’s Next?

Halma plc (LON:HLMA)’s stock price was down 15.4% during mid-day trading on Thursday . The company traded as low as GBX 3,820 and last traded at GBX 3,928. Approximately 5,186,077 shares traded hands during trading, a decline of 57% from the average daily volume of 12,167,623 shares. The stock had previously closed at GBX 4,642.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLMA. UBS Group reiterated a “buy” rating and issued a £47,750 price objective on shares of Halma in a report on Friday, June 5th. Shore Capital Group restated a “hold” rating on shares of Halma in a report on Monday, April 13th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of £5,338.78.

Halma Stock Performance

The company has a 50-day simple moving average of GBX 4,430.96 and a two-hundred day simple moving average of GBX 3,956.68. The company has a debt-to-equity ratio of 42.13, a quick ratio of 1.51 and a current ratio of 2.14. The firm has a market capitalization of £14.72 billion, a P/E ratio of 42.62, a PEG ratio of 2.93 and a beta of 0.97.

Halma (LON:HLMA) last announced its earnings results on Thursday, June 11th. The company reported GBX 114.05 earnings per share (EPS) for the quarter. The firm had revenue of GBX 258.23 billion during the quarter. Halma had a return on equity of 17.92% and a net margin of 14.42%. As a group, equities analysts forecast that Halma plc will post 90.5626134 EPS for the current year.

About Halma

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.