Halma’s (HLMA) Hold Rating Reaffirmed at Shore Capital

Shore Capital reissued their hold rating on shares of Halma (LON:HLMA) in a report released on Thursday morning, MarketBeat reports.

Separately, Barclays raised shares of Halma to an overweight rating and increased their price objective for the company from GBX 2,425 ($30.76) to GBX 2,650 ($33.62) in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Halma currently has a consensus rating of Hold and a consensus price target of GBX 2,336.25 ($29.64).

Halma Stock Performance

LON:HLMA opened at GBX 2,706 ($34.33) on Thursday. The stock has a 50-day moving average price of GBX 2,372.06 and a 200 day moving average price of GBX 2,291.17. The stock has a market capitalization of £10.22 billion, a P/E ratio of 4,295.24, a P/E/G ratio of 4.53 and a beta of 0.59. Halma has a 12-month low of GBX 1,802 ($22.86) and a 12-month high of GBX 2,750 ($34.89). The company has a current ratio of 2.68, a quick ratio of 1.51 and a debt-to-equity ratio of 45.76.

Halma Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 16th. Investors of record on Thursday, July 11th will be given a GBX 13.20 ($0.17) dividend. This is an increase from Halma’s previous dividend of $8.41. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, July 11th. Halma’s payout ratio is currently 3,333.33%.

Halma Company Profile

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.