Analysts Set Halma plc (LON:HLMA) Target Price at £6,003.71

Halma plc (LON:HLMA) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is £6,003.71.

HLMA has been the subject of a number of research analyst reports. Citigroup increased their target price on Halma from GBX 3,700 to GBX 4,600 and gave the company a “buy” rating in a report on Friday, June 12th. UBS Group reissued a “buy” rating and issued a £47,750 price objective on shares of Halma in a research note on Friday, June 5th. Jefferies Financial Group restated a “hold” rating and set a GBX 3,660 price objective on shares of Halma in a research report on Friday, September 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,200 target price on shares of Halma in a research note on Thursday, July 16th.

Insider Buying and Selling

In other Halma news, insider Marc Ronchetti sold 47,000 shares of Halma stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 3,813, for a total transaction of £1,792,110. Also, insider Jennifer Ward sold 13,145 shares of Halma stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of GBX 3,645, for a total transaction of £479,135.25. In the last quarter, insiders sold 112,057 shares of company stock valued at $430,687,669. Insiders own 0.82% of the company’s stock.

Halma Trading Up 0.8%

Shares of LON HLMA opened at GBX 3,610 on Wednesday. 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 company has a market cap of £13.63 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 2.93 and a beta of 0.97. Halma has a 12 month low of GBX 3,268 and a 12 month high of GBX 4,902. The business has a fifty day simple moving average of GBX 3,610.56 and a 200-day simple moving average of GBX 3,966.84.

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.