Morgan Stanley Increases Halma (LON:HLMA) Price Target to GBX 1,560
Halma (LON:HLMA) had its price objective raised by equities researchers at Morgan Stanley from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) in a research note issued to investors on Tuesday, Digital Look reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 21.92% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Shore Capital reiterated a “hold” rating on shares of Halma in a research report on Thursday, March 21st. Deutsche Bank reiterated a “buy” rating on shares of Halma in a research report on Friday, March 22nd. Numis Securities reiterated a “hold” rating and set a GBX 1,400 ($18.29) price target on shares of Halma in a research report on Monday, February 11th. UBS Group reiterated a “sell” rating on shares of Halma in a research report on Friday, March 22nd. Finally, BNP Paribas cut shares of Halma to a “neutral” rating and boosted their price target for the company from GBX 1,550 ($20.25) to GBX 1,650 ($21.56) in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,633.89 ($21.35).
Shares of LON HLMA traded up GBX 16.50 ($0.22) during midday trading on Tuesday, hitting GBX 1,998 ($26.11). 913,051 shares of the company traded hands, compared to its average volume of 921,195. Halma has a 12-month low of GBX 1,215 ($15.88) and a 12-month high of GBX 1,892 ($24.72). The company has a debt-to-equity ratio of 28.15, a current ratio of 2.38 and a quick ratio of 1.63. The stock has a market capitalization of $7.52 billion and a P/E ratio of 45.31.
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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