Halma plc (LON:HLMA) shares hit a new 52-week high on Friday . The company traded as high as GBX 1,827 ($23.87) and last traded at GBX 1,813.22 ($23.69), with a volume of 384041 shares traded. The stock had previously closed at GBX 1,815 ($23.72).
HLMA has been the subject of a number of recent research reports. BNP Paribas cut shares of Halma to a “neutral” rating and raised their price objective for the stock from GBX 1,550 ($20.25) to GBX 1,650 ($21.56) in a research note on Wednesday, April 10th. Deutsche Bank reissued a “buy” rating on shares of Halma in a research note on Friday, March 22nd. Berenberg Bank lowered shares of Halma to a “hold” rating and decreased their target price for the stock from GBX 1,570 ($20.51) to GBX 1,560 ($20.38) in a research report on Tuesday, January 29th. Numis Securities restated a “hold” rating and set a GBX 1,400 ($18.29) target price on shares of Halma in a research report on Monday, February 11th. Finally, UBS Group restated a “sell” rating on shares of Halma in a research report on Monday, January 21st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 1,541.11 ($20.14).
The stock has a market capitalization of $6.92 billion and a PE ratio of 41.38. The company has a debt-to-equity ratio of 28.15, a quick ratio of 1.63 and a current ratio of 2.38.
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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