Halma (LON:HLMA)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays in a report released on Monday, December 18th. They currently have a GBX 1,220 ($16.54) price objective on the stock. Barclays’ price objective points to a potential downside of 5.65% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating on shares of Halma in a report on Friday, October 13th. Liberum Capital restated a “sell” rating and issued a GBX 910 ($12.34) price objective on shares of Halma in a report on Wednesday, August 30th. Deutsche Bank lifted their price objective on shares of Halma from GBX 1,250 ($16.95) to GBX 1,490 ($20.21) and gave the company a “buy” rating in a report on Monday, December 4th. JPMorgan Chase & Co. downgraded shares of Halma to an “underweight” rating in a research note on Friday, December 8th. Finally, Shore Capital upgraded shares of Halma to a “buy” rating in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,155 ($15.66).
Shares of Halma (HLMA) traded up GBX 3 ($0.04) on Monday, hitting GBX 1,293 ($17.53). 889,449 shares of the company’s stock were exchanged, compared to its average volume of 1,180,000. Halma has a 1-year low of GBX 912.50 ($12.37) and a 1-year high of GBX 1,341 ($18.19). The firm has a market capitalization of $4,890.00 and a PE ratio of 3,494.59.
In related news, insider Jo Harlow acquired 2,000 shares of Halma stock in a transaction dated Friday, December 1st. The stock was acquired at an average price of GBX 1,280 ($17.36) per share, for a total transaction of £25,600 ($34,716.57).
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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.
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