Halma plc (LON:HLMA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Halma has a “Moderate Buy” consensus among nine analysts, with five buy ratings and four holds. The average 12-month price target is £6,003.71.
• Recent broker actions included Citigroup raising its target to GBX 4,600 and maintaining a buy rating, while Jefferies reaffirmed a hold rating with a GBX 3,660 target.
• Halma shares opened at GBX 3,450, up 0.8%, with a £13.03 billion market capitalization. Insiders have sold 122,188 shares worth approximately $470.2 million over the past 90 days.

Halma plc (LON:HLMA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is £6,003.71.

A number of research firms have issued reports on HLMA. Berenberg Bank reiterated a "buy" rating and issued a GBX 4,200 price objective on shares of Halma in a report on Thursday, July 16th. UBS Group restated a "buy" rating and set a £47,750 target price on shares of Halma in a report on Friday, June 5th. Citigroup boosted their target price on shares of Halma from GBX 3,700 to GBX 4,600 and gave the company a "buy" rating in a report on Friday, June 12th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 3,660 target price on shares of Halma in a research report on Friday, September 11th.

Insider Activity

In other Halma news, insider Jennifer Ward sold 13,145 shares of Halma stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of GBX 3,645, for a total value of £479,135.25. Also, insider Marc Ronchetti sold 49,664 shares of the business's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of GBX 3,934, for a total transaction of £1,953,781.76. In the last ninety days, insiders sold 122,188 shares of company stock valued at $470,218,831. 0.82% of the stock is owned by insiders.

Halma Stock Up 0.8%

HLMA stock opened at GBX 3,450 on Wednesday. Halma has a fifty-two week low of GBX 3,251.40 and a fifty-two week high of GBX 4,902. The company has a market capitalization of £13.03 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 2.93 and a beta of 0.97. The business's 50 day moving average price is GBX 3,620.06 and its two-hundred day moving average price is GBX 3,986.74. The company has a debt-to-equity ratio of 42.13, a quick ratio of 1.51 and a current ratio of 2.14.

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.

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