J P Morgan Chase & Co Reiterates Neutral Rating for Halma plc (HLMA)

Halma plc (LON:HLMA)‘s stock had its “neutral” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research report issued on Thursday. They presently have a GBX 1,055 ($13.92) price objective on the stock. J P Morgan Chase & Co’s price target would suggest a potential downside of 14.84% from the company’s current price.

Several other analysts also recently commented on HLMA. Deutsche Bank AG reissued a “buy” rating on shares of Halma plc in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Halma plc in a research report on Friday, July 14th. BNP Paribas reissued an “underperform” rating and issued a GBX 900 ($11.88) target price on shares of Halma plc in a research report on Tuesday, July 18th. Jefferies Group LLC upped their price objective on shares of Halma plc from GBX 1,185 ($15.64) to GBX 1,265 ($16.69) and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Barclays PLC downgraded shares of Halma plc to an “equal weight” rating and upped their price objective for the stock from GBX 1,150 ($15.18) to GBX 1,160 ($15.31) in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,113 ($14.69).

Halma plc (LON:HLMA) traded up GBX 28.89 ($0.38) during mid-day trading on Thursday, reaching GBX 1,238.89 ($16.35). 610,304 shares of the company’s stock traded hands, compared to its average volume of 630,057. Halma plc has a 12 month low of GBX 879.50 ($11.61) and a 12 month high of GBX 1,239 ($16.35).

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In other Halma plc news, insider Andrew Williams sold 49,651 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of GBX 1,095 ($14.45), for a total value of £543,678.45 ($717,443.19). Also, insider Tony Rice purchased 9,274 shares of Halma plc stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of GBX 1,073 ($14.16) per share, with a total value of £99,510.02 ($131,314.36).

About Halma plc

Halma plc is involved in the manufacture of a range of products that protect and improve the quality of life for people. The Company operates through four segments: Process Safety, Infrastructure Safety, Medical, and Environmental & Analysis. The Process Safety includes products, which protect assets and people at work, including specialized interlocks, instruments, and explosion protection and corrosion monitoring products.

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