Halma (LON:HLMA) Given New GBX 1,420 Price Target at JPMorgan Chase & Co.

Halma (LON:HLMA) had its price target lifted by JPMorgan Chase & Co. from GBX 1,185 ($15.48) to GBX 1,420 ($18.55) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has an underweight rating on the stock.

Several other research analysts have also issued reports on the company. Credit Suisse Group increased their price target on Halma from GBX 1,770 ($23.13) to GBX 1,990 ($26.00) and gave the stock an outperform rating in a report on Tuesday, June 11th. Shore Capital reiterated a hold rating on shares of Halma in a report on Tuesday, June 11th. UBS Group reiterated a sell rating on shares of Halma in a report on Friday, June 7th. Deutsche Bank reiterated a buy rating and issued a GBX 1,960 ($25.61) price target on shares of Halma in a report on Friday, June 7th. Finally, Numis Securities reiterated a hold rating on shares of Halma in a report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Halma has an average rating of Hold and an average target price of GBX 1,646.67 ($21.52).

Shares of Halma stock opened at GBX 1,989.50 ($26.00) on Wednesday. Halma has a one year low of GBX 1,215 ($15.88) and a one year high of GBX 1,892 ($24.72). The company has a debt-to-equity ratio of 28.15, a quick ratio of 1.63 and a current ratio of 2.38. The stock has a market cap of $7.54 billion and a P/E ratio of 45.11.

The company also recently declared a dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, July 11th will be issued a GBX 9.60 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a yield of 0.48%. This is a positive change from Halma’s previous dividend of $6.11. Halma’s dividend payout ratio is presently 0.27%.

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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