Halma (OTCMKTS:HLMAF) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Halma (OTCMKTS:HLMAF) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Halma PLC is a health and safety sensor technology company. It manufactures products which detect hazards and also protect assets and people at work in public and commercial buildings. Halma PLC is headquartered in Amersham, the United Kingdom. “

A number of other equities analysts have also weighed in on HLMAF. UBS Group reiterated a neutral rating on shares of Halma in a research report on Wednesday, April 22nd. ValuEngine upgraded shares of Halma from a sell rating to a hold rating in a research report on Tuesday, March 3rd. Finally, Peel Hunt downgraded shares of Halma from a buy rating to a hold rating in a report on Thursday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Halma presently has a consensus rating of Hold and a consensus price target of $26.00.

HLMAF opened at $28.29 on Tuesday. The firm has a market cap of $10.72 billion, a P/E ratio of 41.00 and a beta of 0.93. The firm has a 50-day moving average of $28.07 and a 200 day moving average of $26.86. Halma has a fifty-two week low of $19.23 and a fifty-two week high of $29.90.

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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