Halma plc (LON:HLMA) Stock Has Average Target Price of £6,003.71 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Halma has a consensus “Moderate Buy” rating, with five buy recommendations and four holds. The average 12-month target price is reported at £6,003.71.
• Shares opened at GBX 3,528, up 0.8%: Halma has a market capitalization of £13.32 billion, a 12-month trading range of GBX 3,268 to GBX 4,902, and a P/E ratio of 35.94.
• Insiders have recently sold shares: Two insiders sold a combined 60,145 shares in July and August, while total insider sales over the past 90 days reached 62,393 shares; insiders own 0.82% of the company.

Shares of Halma plc (LON:HLMA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is £6,003.71.

Several equities research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 3,660 price target on shares of Halma in a research note on Friday, September 25th. Berenberg Bank reiterated a "buy" rating and issued a GBX 4,200 target price on shares of Halma in a report on Thursday, July 16th.

Halma Stock Up 0.8%

Shares of LON HLMA opened at GBX 3,528 on Friday. The firm has a market cap of £13.32 billion, a PE ratio of 35.94, 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 company's fifty day simple moving average is GBX 3,590.60 and its 200 day simple moving average is GBX 3,936.63. The company has a quick ratio of 1.51, a current ratio of 2.14 and a debt-to-equity ratio of 42.13.

Insider Activity at Halma

In related news, insider Jennifer Ward sold 13,145 shares of Halma stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of GBX 3,645, for a total transaction of £479,135.25. Also, insider Marc Ronchetti sold 47,000 shares of Halma stock in a transaction on Friday, August 7th. The stock was sold at an average price of GBX 3,813, for a total transaction of £1,792,110. In the last ninety days, insiders have sold 62,393 shares of company stock worth $235,309,493. 0.82% of the stock is owned by insiders.

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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