Halma (LON:HLMA) Sets New 52-Week High – Still a Buy?

Shares of Halma plc (LON:HLMA) reached a new 52-week high on Monday . The stock traded as high as GBX 3,546 ($47.63) and last traded at GBX 3,546 ($47.63), with a volume of 3121694 shares. The stock had previously closed at GBX 3,493.35 ($46.92).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Halma from GBX 3,200 to GBX 3,290 and gave the company a “hold” rating in a research report on Friday, September 5th. The Goldman Sachs Group assumed coverage on shares of Halma in a research report on Thursday, August 7th. They set a “buy” rating and a GBX 3,740 price objective for the company. Berenberg Bank raised their price objective on shares of Halma from GBX 3,250 to GBX 3,750 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Shore Capital restated a “hold” rating on shares of Halma in a research report on Friday, September 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Halma has an average rating of “Hold” and a consensus price target of GBX 3,316.

Halma Stock Up 1.6%

The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The company has a market capitalization of £13.41 billion, a PE ratio of 4,543.14, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business’s 50 day simple moving average is GBX 3,297.31 and its 200 day simple moving average is GBX 3,044.78.

Insiders Place Their Bets

In related news, insider Jennifer Ward sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of GBX 3,381, for a total transaction of £507,150. Insiders own 0.81% of the company’s stock.

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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.