Halma (LON:HLMA) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Halma (LON:HLMA) had its price objective boosted by research analysts at Berenberg Bank from GBX 2,450 ($31.23) to GBX 2,700 ($34.42) in a report released on Thursday, MarketBeat reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential downside of 2.60% from the stock’s current price.

Separately, Shore Capital reaffirmed a “hold” rating on shares of Halma in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 2,587.50 ($32.99).

Halma Price Performance

Shares of HLMA stock opened at GBX 2,772 ($35.34) on Thursday. The firm has a fifty day simple moving average of GBX 2,569.68 and a 200-day simple moving average of GBX 2,541.56. The company has a market capitalization of £10.46 billion, a PE ratio of 3,904.23, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Halma has a twelve month low of GBX 2,104.01 ($26.82) and a twelve month high of GBX 2,780 ($35.44). The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83.

Insider Transactions at Halma

In related news, insider Jennifer Ward sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.76), for a total transaction of £1,324,000 ($1,687,914.33). Corporate insiders own 2.20% of the company’s stock.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Healthcare.