Halma (OTCMKTS:HLMAF) Upgraded at Zacks Investment Research

Halma (OTCMKTS:HLMAF) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The firm currently has a $33.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 17.13% from the company’s current price.

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. “

Other research analysts have also issued reports about the stock. UBS Group restated a “neutral” rating on shares of Halma in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Halma in a research report on Wednesday, July 8th. Finally, Peel Hunt lowered shares of Halma from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $33.00.

Shares of HLMAF opened at $28.18 on Tuesday. The firm’s 50-day moving average is $28.65 and its two-hundred day moving average is $26.96. Halma has a twelve month low of $19.23 and a twelve month high of $29.90. The firm has a market capitalization of $11.06 billion, a P/E ratio of 40.83 and a beta of 0.93.

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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