Halma (LON:HLMA) Raised to Neutral at JPMorgan Chase & Co.

Halma (LON:HLMA) was upgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a GBX 2,600 ($33.14) target price on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 6.20% from the company’s previous close.

Several other equities research analysts have also recently weighed in on HLMA. Shore Capital reiterated a “hold” rating on shares of Halma in a report on Thursday, November 21st. Berenberg Bank increased their price objective on Halma from GBX 2,450 ($31.23) to GBX 2,700 ($34.41) and gave the stock a “hold” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 2,587.50 ($32.98).

Halma Trading Up 1.1 %

LON HLMA opened at GBX 2,772 ($35.33) on Friday. Halma has a fifty-two week low of GBX 2,104.01 ($26.82) and a fifty-two week high of GBX 2,780 ($35.43). The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The stock has a 50 day simple moving average of GBX 2,569.68 and a two-hundred day simple moving average of GBX 2,541.56. The stock has a market cap of £10.46 billion, a P/E ratio of 3,904.23, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Insider Activity

In related news, insider Jennifer Ward sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.75), for a total transaction of £1,324,000 ($1,687,484.07). 2.20% of the stock is currently owned by company insiders.

Halma Company Profile

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.