Halma (LON:HLMA) Hits New 1-Year Low - Here's Why

Key Points

• Halma shares fell to a new 52-week low of GBX 3,260, closing near GBX 3,264 versus the prior close of GBX 3,480, on trading volume exceeding 5.3 million shares.
• Analyst sentiment remains broadly positive, with five Buy ratings and four Holds; MarketBeat lists a consensus rating of “Moderate Buy,” while recent targets include GBX 3,660 from Jefferies and GBX 4,200 from Berenberg.
• Insiders have recently sold shares, including transactions by Jennifer Ward and Marc Ronchetti; insiders sold 62,393 shares over the past 90 days, while corporate insiders own 0.82% of the company.

Halma plc (LON:HLMA - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday. The company traded as low as GBX 3,260 and last traded at GBX 3,264, with a volume of 5,319,404 shares changing hands. The stock had previously closed at GBX 3,480.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLMA. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 3,660 price objective on shares of Halma in a research note on Friday, September 25th. Berenberg Bank reiterated a "buy" rating and set a GBX 4,200 target price on shares of Halma in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of £6,003.71.

Halma Stock Performance

The stock has a market cap of £12.38 billion, a P/E ratio of 33.39, a PEG ratio of 2.93 and a beta of 0.97. The company has a debt-to-equity ratio of 42.13, a current ratio of 2.14 and a quick ratio of 1.51. The firm's 50-day moving average price is GBX 3,579.26 and its 200-day moving average price is GBX 3,931.91.

Insider Buying and Selling at Halma

In other Halma news, insider Jennifer Ward sold 13,145 shares of Halma stock in a transaction on 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 47,000 shares of the business's 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. Insiders have sold 62,393 shares of company stock valued at $235,309,493 over the last ninety days. 0.82% of the stock is currently owned by corporate insiders.

About Halma

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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