Following Halma PLC's record full-year results, where revenue increased 11% to £2.25 billion and adjusted profit before tax rose 14% to £459 million, Peel Hunt and Panmure Liberum have raised their price targets to 3,280p and 3,340p respectively, citing the company's consistent performance, strong organic growth across all sectors, and expectations of continued earnings growth and debt reduction allowing for further acquisitions.
Halma PLC (LSE:HLMA) has demonstrated robust financial performance, reporting record full-year results with revenue increasing 11% to £2.25 billion and adjusted profit before tax rising 14% to £459 million. This growth was broad-based, with all three business sectors delivering organic growth, notably led by the Environmental & Analysis division fueled by strong demand in photonics. Consequently, Peel Hunt raised its price target to 3,280p from 3,000p, anticipating a further 7% earnings growth in FY2026 and justifying Halma's valuation premium based on its track record and outlook. Panmure Liberum adopted an even more bullish stance, increasing its target to 3,340p and reiterating a 'buy' rating, highlighting expectations of a significant reduction in debt this year, which would provide Halma with increased capacity for mergers and acquisitions. Both brokerage firms project organic sales growth of 7-9% for the upcoming year, although foreign exchange fluctuations are anticipated to exert some pressure on reported figures. Despite this, the company's earnings momentum and disciplined capital management reinforce confidence in its long-term growth narrative, as reflected in a 44p rise in its share price to 3,156p following the update.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Overall Sentiment
strongly positive
Sentiment Score
0.80
Ticker Sentiment
