Halma plc (LON:HLMA) Receives Consensus Rating of “Hold” from Analysts

Halma plc (LON:HLMA) has been given an average recommendation of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 1,685 ($22.02).

HLMA has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of SEA in a research report on Wednesday, June 12th. They set an “overweight” rating and a $36.00 target price for the company. Morgan Stanley upped their target price on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank upped their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Credit Suisse Group assumed coverage on shares of Yunji in a research report on Wednesday, July 3rd. They issued an “outperform” rating and a $14.50 price objective for the company. Finally, Numis Securities upped their price objective on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a “buy” rating in a research report on Thursday, June 6th.

Shares of Halma stock opened at GBX 2,014 ($26.32) on Tuesday. The company’s fifty day simple moving average is GBX 2,006.69. The company has a market cap of $7.66 billion and a PE ratio of 44.96. Halma has a 52 week low of GBX 1,215 ($15.88) and a 52 week high of GBX 2,099 ($27.43). The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 26.79.

The company also recently disclosed a dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, July 11th will be given a GBX 9.60 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a dividend yield of 0.48%. This is a boost from Halma’s previous dividend of $6.11. Halma’s dividend payout ratio is currently 0.42%.

In related news, insider Marc Ronchetti sold 1,051 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of GBX 2,030 ($26.53), for a total value of £21,335.30 ($27,878.35). Also, insider Adam Meyers sold 20,437 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of GBX 1,982 ($25.90), for a total transaction of £405,061.34 ($529,284.39).

Halma Company Profile

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.

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Analyst Recommendations for Halma (LON:HLMA)

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