Halma (LON:HLMA) Hits New 1-Year High – Here’s Why

Halma plc (LON:HLMA)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 4,052 and last traded at GBX 4,014, with a volume of 12882645 shares changing hands. The stock had previously closed at GBX 3,972.

Analyst Upgrades and Downgrades

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

Halma Stock Up 1.9%

The firm has a 50 day moving average price of GBX 3,642.30 and a 200-day moving average price of GBX 3,500.57. The firm has a market cap of £15.29 billion, a price-to-earnings ratio of 44.26, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83.

Halma (LON:HLMA) last issued its quarterly earnings data on Friday, January 16th. The company reported GBX 55.32 earnings per share (EPS) for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. On average, equities analysts forecast that Halma plc will post 90.5626134 EPS for the current year.

About Halma

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.