Halma plc (LON:HLMA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Halma plc (LON:HLMA) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is £4,808.85.

A number of equities analysts recently commented on the company. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 3,050 target price on shares of Halma in a report on Thursday, June 11th. UBS Group reissued a “buy” rating and set a £47,750 price target on shares of Halma in a report on Friday, June 5th. Shore Capital Group restated a “hold” rating on shares of Halma in a research report on Monday, April 13th. Finally, Citigroup raised their price objective on Halma from GBX 3,700 to GBX 4,600 and gave the stock a “buy” rating in a research note on Friday, June 12th.

Insider Activity at Halma

In related news, insider Marc Ronchetti sold 49,664 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of GBX 3,934, for a total value of £1,953,781.76. Also, insider Sharmila Nebhrajani bought 248 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were purchased at an average price of GBX 4,063 per share, for a total transaction of £10,076.24. Corporate insiders own 0.83% of the company’s stock.

Halma Stock Down 0.1%

Shares of HLMA stock opened at GBX 3,637 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.51 and a debt-to-equity ratio of 42.13. Halma has a 12 month low of GBX 3,172 and a 12 month high of GBX 4,902. The stock has a market cap of £13.74 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.93 and a beta of 0.98. The company has a 50 day simple moving average of GBX 4,305.40 and a two-hundred day simple moving average of GBX 4,003.33.

Halma (LON:HLMA) last issued its quarterly earnings results on Thursday, June 11th. The company reported GBX 114.05 earnings per share for the quarter. Halma had a net margin of 14.42% and a return on equity of 17.92%. The business had revenue of GBX 258.23 billion for the quarter. On average, research analysts expect that Halma will post 90.5626134 earnings per share 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.