Morgan Stanley Increases Halma (LON:HLMA) Price Target to GBX 1,600

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Halma (LON:HLMA) had its target price hoisted by Morgan Stanley from GBX 1,560 ($20.38) to GBX 1,600 ($20.91) in a research note published on Thursday, ThisIsMoney.Co.Uk reports. They currently have an equal weight rating on the stock.

A number of other analysts also recently commented on the stock. Credit Suisse Group started coverage on shares of Yunji in a report on Wednesday, July 3rd. They set an outperform rating and a $14.50 price objective on the stock. Jefferies Financial Group started coverage on shares of Middleby in a report on Wednesday, April 3rd. They issued a hold rating and a $135.00 price target on the stock. Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday. Shore Capital reaffirmed a house stock rating on shares of Global Ports in a report on Thursday, July 4th. Finally, BNP Paribas downgraded shares of Rio Tinto from a neutral rating to an underperform rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 1,706.50 ($22.30).

HLMA stock opened at GBX 1,990 ($26.00) on Thursday. The stock has a market capitalization of $7.55 billion and a P/E ratio of 44.42. Halma has a 52 week low of GBX 1,215 ($15.88) and a 52 week high of GBX 2,099 ($27.43). The business’s 50-day moving average is GBX 1,951.79. The company has a current ratio of 2.28, a quick ratio of 1.51 and a debt-to-equity ratio of 26.79.

The firm also recently declared a dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, July 11th will be issued a GBX 9.60 ($0.13) dividend. This represents a dividend yield of 0.48%. The ex-dividend date is Thursday, July 11th. This is an increase from Halma’s previous dividend of $6.11. Halma’s dividend payout ratio is 0.42%.

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

Halma Company Profile

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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