Halma (LON:HLMA) Receives “Hold” Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of Halma (LON:HLMA) in a report published on Thursday, Marketbeat Ratings reports.

Separately, Barclays raised Halma to an overweight rating and increased their price objective for the company from GBX 2,425 ($30.76) to GBX 2,650 ($33.62) in a research note on Tuesday, April 9th.

Halma Price Performance

LON:HLMA opened at GBX 2,708.93 ($34.36) on Thursday. The stock has a 50 day moving average of GBX 2,361.60 and a two-hundred day moving average of GBX 2,287.24. Halma has a 12 month low of GBX 1,802 ($22.86) and a 12 month high of GBX 2,750 ($34.89). The firm has a market cap of £10.23 billion, a P/E ratio of 4,299.89, a price-to-earnings-growth ratio of 4.53 and a beta of 0.59. The company has a current ratio of 2.68, a quick ratio of 1.51 and a debt-to-equity ratio of 45.76.

Halma Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 16th. Investors of record on Thursday, July 11th will be issued a GBX 13.20 ($0.17) dividend. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, July 11th. This is a boost from Halma’s previous dividend of $8.41. Halma’s dividend payout ratio (DPR) is currently 3,333.33%.

Halma Company Profile

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.