Halma (LON:HLMA) Reaches New 52-Week High – What’s Next?

Shares of Halma plc (LON:HLMA) hit a new 52-week high on Thursday . The company traded as high as GBX 3,776 and last traded at GBX 3,772, with a volume of 4757615 shares changing hands. The stock had previously closed at GBX 3,672.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,750 price objective on shares of Halma in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on Halma from GBX 3,500 to GBX 3,900 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Halma from GBX 3,800 to GBX 3,980 and gave the company a “hold” rating in a report on Friday, January 16th. Citigroup raised their target price on shares of Halma from GBX 3,150 to GBX 3,700 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Panmure Gordon upped their price target on shares of Halma from GBX 3,820 to GBX 3,880 and gave the stock a “buy” rating in a research report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,737.50.

Halma Price Performance

The company’s 50 day moving average price is GBX 3,590.70 and its 200 day moving average price is GBX 3,462.23. The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The company has a market cap of £14.11 billion, a price-to-earnings ratio of 40.86, a P/E/G ratio of 2.93 and a beta of 0.53.

Halma (LON:HLMA) last announced its quarterly earnings results on Friday, January 16th. The company reported GBX 55.32 earnings per share (EPS) for the quarter. Halma had a net margin of 13.21% and a return on equity of 15.87%. On average, equities research analysts predict that Halma plc will post 90.5626134 earnings per share for the current fiscal year.

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.