Halma (HLMA) Earns “Hold” Rating from Berenberg Bank

Halma (LON:HLMA)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Friday. They presently have a GBX 1,560 ($20.38) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 4.07% from the stock’s previous close.

HLMA has been the topic of several other reports. Morgan Stanley cut their target price on shares of Halma from GBX 1,360 ($17.77) to GBX 1,330 ($17.38) and set an “equal weight” rating on the stock in a research report on Wednesday, December 5th. Numis Securities restated a “hold” rating and issued a GBX 1,350 ($17.64) price target on shares of Halma in a research report on Friday, January 18th. Credit Suisse Group restated an “outperform” rating on shares of Halma in a research report on Thursday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of Halma from GBX 1,200 ($15.68) to GBX 1,185 ($15.48) and set an “underweight” rating on the stock in a research report on Tuesday, December 4th. Finally, UBS Group restated a “sell” rating on shares of Halma in a research report on Monday, November 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,389.09 ($18.15).

LON:HLMA traded up GBX 22 ($0.29) during mid-day trading on Friday, hitting GBX 1,499 ($19.59). 746,560 shares of the company’s stock were exchanged, compared to its average volume of 921,195. Halma has a fifty-two week low of GBX 956.50 ($12.50) and a fifty-two week high of GBX 1,341 ($17.52).

About Halma

Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.

See Also: What is the Bid-Ask Spread?

Analyst Recommendations for Halma (LON:HLMA)

Receive News & Ratings for Halma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halma and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply