skip to content

Market News

Halma downgraded by HSBC

14 June 2017 15:32

HSBC has downgraded its investment rating on Halma (LON:HLMA) to hold (from buy) following the healthcare device maker's full year results and stating that the shares now look fairly valued.

The bank said: "It has delivered double digit earnings CAGR over the last 20 years with at least a 5% dividend increase every year for the last 38 years.

"But we believe valuation multiples are now up with events given its strong share price run (up 28% YTD)."

Nevertheless, HSBC increased its target price to 1,200p per share (from 1,150p).

Separately, JP Morgan Cazenove repeated its neutral stock call and 925p target.

At 3:32pm: (LON:HLMA) Halma PLC share price was -35.5p at 1142.5p

Story provided by

Related Company: HLMA

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.