Halma (HLMA) Price Target Raised to GBX 1,400

Halma (LON:HLMA) had its target price hoisted by equities research analysts at Goldman Sachs Group from GBX 1,340 ($17.51) to GBX 1,400 ($18.29) in a report released on Tuesday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 1.23% from the stock’s current price.

A number of other research analysts have also recently issued reports on HLMA. Credit Suisse Group lifted their price objective on shares of Halma from GBX 1,530 ($19.99) to GBX 1,620 ($21.17) and gave the company an “outperform” rating in a report on Tuesday, November 20th. UBS Group reiterated a “sell” rating on shares of Halma in a report on Monday, November 19th. Shore Capital reiterated a “hold” rating on shares of Halma in a report on Tuesday, November 20th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Halma in a report on Thursday, August 23rd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 ($20.51) price objective on shares of Halma in a report on Thursday, September 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 1,380.83 ($18.04).

Shares of LON HLMA traded down GBX 28 ($0.37) during mid-day trading on Tuesday, reaching GBX 1,383 ($18.07). 1,079,000 shares of the company’s stock traded hands, compared to its average volume of 921,195. Halma has a 1-year low of GBX 956.50 ($12.50) and a 1-year high of GBX 1,341 ($17.52).

About Halma

Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems to control hazardous industrial processes and access to dangerous machines; gas detection instruments; pressure management products; key interlocks and interlocking systems; pipeline corrosion monitoring products and systems; and process safety systems.

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