Deutsche Bank Reiterates Buy Rating for Halma (LON:HLMA)

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Halma (LON:HLMA)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

HLMA has been the subject of several other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 250 ($3.27) price objective on shares of in a research report on Tuesday, June 18th. Credit Suisse Group initiated coverage on shares of Yunji in a research report on Wednesday, July 3rd. They issued an “outperform” rating and a $14.50 price objective for the company. Morgan Stanley raised their price objective on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday. Shore Capital restated a “house stock” rating on shares of Global Ports in a research report on Thursday, July 4th. Finally, Numis Securities lifted their price target on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a “buy” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 1,706.50 ($22.30).

HLMA opened at GBX 1,990 ($26.00) on Friday. The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 26.79. The firm has a market cap of $7.55 billion and a PE ratio of 44.42. Halma has a 1-year low of GBX 1,215 ($15.88) and a 1-year high of GBX 2,099 ($27.43). The company has a 50-day moving average of GBX 1,951.79.

In other news, insider Marc Ronchetti sold 1,051 shares of Halma stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of GBX 2,030 ($26.53), for a total transaction of £21,335.30 ($27,878.35).

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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