Halma (HLMA) Price Target Cut to GBX 1,050

Halma (LON:HLMA) had its target price reduced by investment analysts at JPMorgan Chase & Co. from GBX 1,060 ($14.64) to GBX 1,050 ($14.51) in a research note issued on Tuesday. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 12.65% from the stock’s current price.

A number of other equities research analysts have also recently commented on HLMA. Shore Capital reaffirmed a “buy” rating on shares of Halma in a report on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,500 ($20.72) price objective on shares of Halma in a research note on Thursday, February 8th. Liberum Capital reiterated a “sell” rating and issued a GBX 910 ($12.57) price objective on shares of Halma in a research note on Monday, November 20th. Numis Securities reiterated a “hold” rating and issued a GBX 1,350 ($18.65) price objective on shares of Halma in a research note on Tuesday, December 5th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 1,250 ($17.27) price objective on shares of Halma in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Halma presently has an average rating of “Hold” and a consensus price target of GBX 1,192 ($16.47).

Shares of Halma (LON HLMA) opened at GBX 1,202 ($16.61) on Tuesday. The company has a market cap of $4,540.00 and a P/E ratio of 3,248.65. Halma has a 1-year low of GBX 949.34 ($13.12) and a 1-year high of GBX 1,341 ($18.53).

In other Halma news, insider Roy Twite acquired 2,000 shares of Halma stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of GBX 1,181 ($16.32) per share, for a total transaction of £23,620 ($32,633.32).

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Halma Company Profile

Halma plc is involved in the manufacture of a range of products that protect and improve the quality of life for people. The Company operates through four segments: Process Safety, Infrastructure Safety, Medical, and Environmental & Analysis. The Process Safety includes products, which protect assets and people at work, including specialized interlocks, instruments, and explosion protection and corrosion monitoring products.

Analyst Recommendations for Halma (LON:HLMA)

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