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 target price lifted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 3,200 to GBX 3,290 in a report released on Friday,London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 0.92% from the company's current price.

Other research analysts also recently issued research reports about the company. Shore Capital reissued a "hold" rating and issued a GBX 3,200 target price on shares of Halma in a report on Tuesday, August 26th. The Goldman Sachs Group began coverage on shares of Halma in a research report on Thursday, August 7th. They set a "buy" rating and a GBX 3,740 price target for the company. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Halma has an average rating of "Hold" and an average target price of GBX 3,106.

Halma Stock Performance

LON HLMA opened at GBX 3,260 on Friday. The firm has a market cap of £12.31 billion, a price-to-earnings ratio of 4,172.00, a PEG ratio of 2.93 and a beta of 0.53. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The company has a 50-day simple moving average of GBX 3,237.80 and a two-hundred day simple moving average of GBX 2,957.76. Halma has a 12-month low of GBX 2,316 and a 12-month high of GBX 3,344.60.

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

Insiders Place Their Bets

In related news, insider Jennifer Ward sold 4,021 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of GBX 3,202, for a total value of £128,752.42. Also, insider Marc Ronchetti sold 36,245 shares of the firm's stock in a transaction dated 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 a total of 65,175 shares of company stock worth $211,232,540 in the last 90 days. 0.81% of the stock is currently owned by corporate 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 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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