Halma (LON:HLMA) Reaches New 52-Week High – Time to Buy?

Halma plc (LON:HLMA)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 3,918 and last traded at GBX 3,914, with a volume of 83832734 shares traded. The stock had previously closed at GBX 3,870.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLMA shares. Panmure Gordon upped their target price on Halma from GBX 3,820 to GBX 3,880 and gave the company a “buy” rating in a report on Friday, December 5th. Citigroup boosted their price target on shares of Halma from GBX 3,150 to GBX 3,700 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Halma from GBX 3,800 to GBX 3,980 and gave the stock a “hold” rating in a research report on Friday, January 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 3,750 target price on shares of Halma in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Halma from GBX 3,500 to GBX 3,900 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Halma currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,737.50.

Halma Stock Performance

The firm has a market capitalization of £14.85 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.93 and a beta of 0.53. The firm has a 50 day moving average price of GBX 3,607.83 and a 200-day moving average price of GBX 3,481.39. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51.

Halma (LON:HLMA) last issued its quarterly earnings results on Friday, January 16th. The company reported GBX 55.32 earnings per share for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. As a group, sell-side analysts expect that Halma plc will post 90.5626134 earnings per share for the current fiscal year.

Halma Company Profile

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.