Halma (LON:HLMA) Sets New 12-Month High – Here’s Why

Halma plc (LON:HLMA) reached a new 52-week high on Wednesday . The stock traded as high as GBX 4,714 and last traded at GBX 4,692, with a volume of 7066733 shares. The stock had previously closed at GBX 4,606.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “hold” rating on shares of Halma in a research report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Halma currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,737.50.

Halma Stock Performance

The firm has a fifty day simple moving average of GBX 4,217.45 and a 200 day simple moving average of GBX 3,852.65. The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 43.44. The stock has a market cap of £17.71 billion, a price-to-earnings ratio of 51.26, a PEG ratio of 2.93 and a beta of 0.96.

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 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.