Halma (LON:HLMA) Price Target Raised to GBX 3,290 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised its target price for Halma from GBX 3,200 to GBX 3,290, indicating a potential upside of 0.92% from the current price and maintaining a "hold" rating for the stock.
• Halma's stock has recently seen mixed ratings, with one analyst giving it a "buy" rating and four others endorsing a "hold" rating, resulting in an average target price of GBX 3,106.
• Insider transactions have been notable, with insiders selling a total of 65,175 shares of company stock, amounting to £211,232,540 over the last 90 days.

Halma (LON:HLMA - Get Free Report) had its price objective raised by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 3,200 to GBX 3,290 in a research report issued on Friday, September 5th, MarketBeat Ratings reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential downside of 1.03% from the company's previous close.

A number of other research firms also recently commented on HLMA. The Goldman Sachs Group began coverage on shares of Halma in a report on Thursday, August 7th. They issued a "buy" rating and a GBX 3,740 price objective for the company. Shore Capital reiterated a "hold" rating and issued a GBX 3,200 price objective on shares of Halma in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 3,316.

Halma Price Performance

HLMA stock traded down GBX 7.82 during mid-day trading on Friday, reaching GBX 3,324.18. The company's stock had a trading volume of 805,287 shares, compared to its average volume of 1,630,915. The stock has a market cap of £12.56 billion, a PE ratio of 4,254.13, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83. Halma has a fifty-two week low of GBX 2,316 and a fifty-two week high of GBX 3,346. The company's 50 day moving average is GBX 3,249.23 and its two-hundred day moving average is GBX 2,972.13.

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

Insider Activity

In other news, insider Marc Ronchetti sold 36,245 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of GBX 3,248, for a total value of £1,177,237.60. Also, insider Hudson La Force purchased 2,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of GBX 4,288 per share, with a total value of £85,760. Insiders sold a total of 65,175 shares of company stock valued at $211,232,540 in the last 90 days. 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.