Berenberg Bank Forecasts Strong Price Appreciation for Halma (LON:HLMA) Stock

Key Points

• Berenberg Bank has raised its price target for Halma (LON:HLMA) stock from GBX 3,250 to GBX 3,750, indicating a potential upside of 12.58%.
• The stock currently has a consensus rating of "Hold," with two analysts rating it as a "Buy" and three as a "Hold," suggesting mixed investor sentiments.
• Halma's market capitalization stands at £12.58 billion and the firm reported earnings of GBX 94.23 per share for the last quarter.

Halma (LON:HLMA - Get Free Report) had its price target lifted by investment analysts at Berenberg Bank from GBX 3,250 to GBX 3,750 in a report released on Wednesday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 12.58% from the company's current price.

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group started coverage on shares of Halma in a research report on Thursday, August 7th. They issued a "buy" rating and a GBX 3,740 price objective on the stock. Shore Capital reissued a "hold" rating and issued a GBX 3,200 price objective on shares of Halma in a research report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Halma from GBX 3,200 to GBX 3,290 and gave the company a "hold" rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 3,316.

Halma Price Performance

Shares of HLMA opened at GBX 3,331 on Wednesday. The firm has a market capitalization of £12.58 billion, a PE ratio of 4,262.86, a PEG ratio of 2.93 and a beta of 0.53. The company's 50-day moving average is GBX 3,242.99 and its 200-day moving average is GBX 2,964.65. Halma has a fifty-two week low of GBX 2,316 and a fifty-two week high of GBX 3,344.60. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51.

Halma (LON:HLMA - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported GBX 94.23 earnings per share for the quarter. Halma had a net margin of 13.21% and a return on equity of 15.87%. Equities analysts forecast that Halma will post 90.5626134 EPS for the current year.

Insider Activity at Halma

In related news, insider Jennifer Ward sold 19,020 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of GBX 3,248, for a total value of £617,769.60. Also, insider Hudson La Force purchased 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average price of GBX 4,288 per share, for a total transaction of £85,760. Over the last three months, insiders have sold 65,175 shares of company stock worth $211,232,540. Corporate insiders own 0.81% 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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.

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