JPMorgan Chase & Co. upgraded shares of Halma (LON:HLMA - Free Report) to a neutral rating in a research report released on Friday morning, MarketBeat reports. They currently have GBX 2,600 ($33.15) target price on the stock.
Several other brokerages also recently issued reports on HLMA. Berenberg Bank raised their price objective on shares of Halma from GBX 2,450 ($31.23) to GBX 2,700 ($34.42) and gave the stock a "hold" rating in a research report on Thursday. Shore Capital reiterated a "hold" rating on shares of Halma in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 2,587.50 ($32.99).
Read Our Latest Stock Report on Halma
Halma Stock Performance
Shares of HLMA traded up GBX 31 ($0.40) during trading hours on Friday, hitting GBX 2,772 ($35.34). The company had a trading volume of 392,422 shares, compared to its average volume of 824,358. The business has a fifty day moving average of GBX 2,569.68 and a 200-day moving average of GBX 2,541.56. 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 firm has a market cap of £10.46 billion, a price-to-earnings ratio of 3,904.23, a PEG ratio of 2.93 and a beta of 0.53. Halma has a 12 month low of GBX 2,104.01 ($26.82) and a 12 month high of GBX 2,780 ($35.44).
Halma Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be given a dividend of GBX 9 ($0.11) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 0.36%. Halma's payout ratio is presently 3,098.59%.
Insider Activity
In related news, insider Jennifer Ward sold 50,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.76), for a total transaction of £1,324,000 ($1,687,914.33). 2.20% of the stock is owned by company insiders.
About Halma
(
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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 Healthcare.
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