Berenberg Bank Increases Halma (LON:HLMA) Price Target to GBX 3,750

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 objective lifted by equities research analysts at Berenberg Bank from GBX 3,250 to GBX 3,750 in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 14.12% from the stock's previous close.

HLMA has been the topic of a number of other research reports. The Goldman Sachs Group started coverage on shares of Halma in a report on Thursday, August 7th. They issued a "buy" rating and a GBX 3,740 target price on the stock. Shore Capital reaffirmed a "hold" rating and set a GBX 3,200 price target on shares of Halma in a report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Halma from GBX 3,200 to GBX 3,290 and gave the company a "hold" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 3,316.

Halma Trading Down 1.3%

Shares of HLMA traded down GBX 42 during trading hours on Wednesday, hitting GBX 3,286. The stock had a trading volume of 775,059 shares, compared to its average volume of 1,623,545. 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 firm has a market cap of £12.41 billion, a P/E ratio of 4,205.27, a P/E/G ratio of 2.93 and a beta of 0.53. The company's fifty day simple moving average is GBX 3,251.37 and its 200 day simple moving average is GBX 2,977.16. Halma has a 12-month low of GBX 2,316 and a 12-month high of GBX 3,346.

Insider Buying and Selling

In other Halma news, insider Jennifer Ward sold 19,020 shares of Halma stock in a transaction that occurred on 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 Marc Ronchetti sold 36,245 shares of Halma stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of GBX 3,248, for a total transaction of £1,177,237.60. Insiders have sold 65,175 shares of company stock worth $211,232,540 in the last quarter. 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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.