Halma (LON:HLMA) Hits New 12-Month Low – Here’s Why

Halma plc (LON:HLMA)’s stock price hit a new 52-week low during trading on Thursday. The stock traded as low as GBX 3,256 and last traded at GBX 3,266, with a volume of 6,716,086 shares trading hands. The stock had previously closed at GBX 3,374.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,660 price target on shares of Halma in a report on Friday, September 25th. Berenberg Bank reissued a “buy” rating and issued a GBX 4,200 price objective on shares of Halma in a report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of £6,003.71.

Halma Trading Down 1.1%

The business’s 50 day moving average is GBX 3,522.71 and its two-hundred day moving average is GBX 3,908.14. The company has a quick ratio of 1.51, a current ratio of 2.14 and a debt-to-equity ratio of 42.13. The firm has a market capitalization of £12.25 billion, a P/E ratio of 33.04, a PEG ratio of 2.93 and a beta of 0.97.

Insider Buying and Selling

In other Halma news, insider Marc Ronchetti sold 47,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 3,813, for a total transaction of £1,792,110. Insiders own 0.82% of the company’s stock.

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.