Halma (LON:HLMA) Receives “Buy” Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Halma (LON:HLMA) in a report published on Friday, June 7th, ThisIsMoney.Co.Uk reports. They currently have a GBX 1,960 ($25.61) price target on the stock.

Several other equities analysts have also recently commented on the stock. Numis Securities reaffirmed a hold rating on shares of Halma in a research note on Thursday, June 6th. BNP Paribas cut shares of Halma to a neutral rating and boosted their price target for the stock from GBX 1,550 ($20.25) to GBX 1,650 ($21.56) in a research note on Wednesday, April 10th. Jefferies Financial Group reissued a hold rating and issued a GBX 1,675 ($21.89) price target (up previously from GBX 1,390 ($18.16)) on shares of Halma in a research note on Wednesday, April 3rd. UBS Group reissued a sell rating on shares of Halma in a research note on Friday, March 22nd. Finally, Shore Capital reissued a hold rating on shares of Halma in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 1,702.50 ($22.25).

Shares of LON HLMA traded down GBX 8 ($0.10) during midday trading on Friday, hitting GBX 2,020 ($26.39). The company’s stock had a trading volume of 2,235,307 shares, compared to its average volume of 921,195. The company’s fifty day simple moving average is GBX 1,887.24. The stock has a market cap of $7.66 billion and a price-to-earnings ratio of 45.09. Halma has a one year low of GBX 1,215 ($15.88) and a one year high of GBX 2,050 ($26.79). The company has a quick ratio of 1.60, a current ratio of 2.28 and a debt-to-equity ratio of 26.79.

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

About Halma

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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