JPMorgan Chase & Co. Issues Positive Forecast for Halma (LON:HLMA) Stock Price

Halma (LON:HLMA) had its price target boosted by JPMorgan Chase & Co. from GBX 3,200 to GBX 3,500 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 3.21% from the company’s previous close.

HLMA has been the topic of a number of other research reports. Peel Hunt reissued a “buy” rating and issued a GBX 3,750 target price on shares of Halma in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Halma from GBX 3,290 to GBX 3,690 and gave the stock a “hold” rating in a report on Friday, October 3rd. Berenberg Bank upped their price target on Halma from GBX 3,250 to GBX 3,750 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Panmure Gordon lifted their target price on shares of Halma from GBX 3,610 to GBX 3,820 and gave the company a “buy” rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group began coverage on shares of Halma in a research note on Thursday, August 7th. They set a “buy” rating and a GBX 3,740 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Halma has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,643.75.

Halma Stock Up 0.7%

Shares of HLMA stock traded up GBX 26 on Wednesday, hitting GBX 3,616. The stock had a trading volume of 12,357,251 shares, compared to its average volume of 1,961,342. The stock has a market cap of £13.66 billion, a price-to-earnings ratio of 46.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Halma has a 12-month low of GBX 2,316 and a 12-month high of GBX 3,764. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51. The business has a 50 day moving average of GBX 3,468.13 and a 200 day moving average of GBX 3,268.07.

Insider Activity at Halma

In other Halma news, insider Jennifer Ward sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of GBX 3,381, for a total transaction of £507,150. Company insiders own 0.81% of the company’s stock.

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.