Halma (LON:HLMA) had its price target lifted by Morgan Stanley from GBX 1,560 ($20.38) to GBX 1,600 ($20.91) in a report published on Thursday, ThisIsMoney.Co.Uk reports. Morgan Stanley currently has an equal weight rating on the stock.
Several other equities research analysts have also recently issued reports on HLMA. Deutsche Bank decreased their price objective on shares of from GBX 217 ($2.84) to GBX 175 ($2.29) and set a sell rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. assumed coverage on shares of SEA in a research report on Wednesday, June 12th. They set an overweight rating and a $36.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Middleby in a research report on Wednesday, April 3rd. They set a hold rating and a $135.00 price objective for the company. Numis Securities lifted their price objective on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a buy rating in a research report on Thursday, June 6th. Finally, Goldman Sachs Group cut shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Halma presently has an average rating of Hold and a consensus target price of GBX 1,706.50 ($22.30).
Shares of HLMA stock opened at GBX 1,990 ($26.00) on Thursday. The stock has a market cap of $7.55 billion and a PE ratio of 44.42. The firm has a 50 day simple moving average of GBX 1,951.79. 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 debt-to-equity ratio of 26.79, a current ratio of 2.28 and a quick ratio of 1.51.
The business also recently declared 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 is Thursday, July 11th. This is a boost from Halma’s previous dividend of $6.11. This represents a yield of 0.48%. Halma’s payout ratio is 0.42%.
In related news, insider Marc Ronchetti sold 1,051 shares of the business’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).
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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