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.

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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Analyst Recommendations for Halma (LON:HLMA)

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