Halma’s (HLMA) Hold Rating Reiterated at Jefferies Financial Group

Halma (LON:HLMA)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Friday, September 25th, Digital Look reports. They presently have a GBX 3,660 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 1.67% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 4,200 target price on shares of Halma in a report on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and issued a £47,750 price target on shares of Halma in a report on Friday, June 5th. Finally, Citigroup lifted their price target on Halma from GBX 3,700 to GBX 4,600 and gave the stock a “buy” rating in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Halma currently has an average rating of “Moderate Buy” and a consensus target price of £6,003.71.

Halma Price Performance

Halma stock traded up GBX 136 during mid-day trading on Friday, reaching GBX 3,600. 1,101,783 shares of the company’s stock traded hands, compared to its average volume of 9,849,715. Halma has a 12-month low of GBX 3,268 and a 12-month high of GBX 4,902. The company has a quick ratio of 1.51, a current ratio of 2.14 and a debt-to-equity ratio of 42.13. The stock has a 50 day moving average of GBX 3,591.42 and a two-hundred day moving average of GBX 3,947.68. The company has a market cap of £13.60 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.93 and a beta of 0.97.

Insiders Place Their Bets

In other Halma news, insider Jennifer Ward sold 13,145 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of GBX 3,645, for a total transaction of £479,135.25. Also, insider Marc Ronchetti sold 47,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 3,813, for a total transaction of £1,792,110. Over the last 90 days, insiders sold 62,393 shares of company stock valued at $235,309,493. 0.82% of the stock is owned by corporate insiders.

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.