Halma plc (LON:HLMA) Stock Has Consensus Price Target of £6,003.71 According to Brokerages

Halma plc (LON:HLMA) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is £6,003.71.

Several research firms have recently commented on HLMA. Berenberg Bank restated a “buy” rating and issued a GBX 4,200 price objective on shares of Halma in a research note on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,660 target price on shares of Halma in a report on Friday, September 25th.

Halma Stock Down 2.0%

HLMA opened at GBX 3,468 on Friday. The firm’s 50 day simple moving average is GBX 3,585.30 and its two-hundred day simple moving average is GBX 3,933.94. The company has a market capitalization of £13.10 billion, a PE ratio of 35.33, a PEG ratio of 2.93 and a beta of 0.97. Halma has a 1-year low of GBX 3,268 and a 1-year high of GBX 4,902. The company has a current ratio of 2.14, a quick ratio of 1.51 and a debt-to-equity ratio of 42.13.

Insider Activity

In related news, insider Marc Ronchetti sold 47,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 3,813, for a total transaction of £1,792,110. Also, insider Jennifer Ward sold 13,145 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of GBX 3,645, for a total transaction of £479,135.25. Insiders sold 62,393 shares of company stock worth $235,309,493 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

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.