Halma (LON:HLMA) Receives “Buy” Rating from Berenberg Bank

Halma (LON:HLMA)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 4,200 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 14.94% from the stock’s previous close.

HLMA has been the subject of a number of other reports. Citigroup increased their price target on Halma from GBX 3,700 to GBX 4,600 and gave the stock a “buy” rating in a report on Friday, June 12th. UBS Group restated a “buy” rating and issued a £47,750 price objective on shares of Halma in a report on Friday, June 5th. Shore Capital Group reaffirmed a “hold” rating on shares of Halma in a research report on Monday, April 13th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 3,050 target price on shares of Halma in a research report on Thursday, June 11th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of £4,809.30.

Halma Stock Up 0.7%

HLMA stock opened at GBX 3,654 on Thursday. Halma has a one year low of GBX 3,191.38 and a one year high of GBX 4,902. The firm has a market cap of £13.80 billion, a PE ratio of 37.22, a PEG ratio of 2.93 and a beta of 0.98. The firm’s 50 day moving average price is GBX 4,235.47 and its 200-day moving average price is GBX 4,004.43. The company has a debt-to-equity ratio of 42.13, a quick ratio of 1.51 and a current ratio of 2.14.

Halma (LON:HLMA) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX 114.05 earnings per share for the quarter. The company 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%. On average, equities research analysts anticipate that Halma will post 90.5626134 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sharmila Nebhrajani purchased 248 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of GBX 4,063 per share, for a total transaction of £10,076.24. Also, insider Marc Ronchetti sold 49,664 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 3,934, for a total value of £1,953,781.76. 0.83% of the stock is owned by corporate insiders.

Halma Company Profile

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.