Latest News

Halma to benefit from increased expenditure and COVID-19-triggered market trends, says Barclays

0

Halma PLC (LON:HLMA) is exposed to positive revenue trends, according to Barclays.

These include increasing water spend at Environmental & Analysis from the new UK investment cycle, expenditure recovery in process markets benefitting the newly formed safety division and a revival in elective procedures at medical.

READ: Halma buys childbirth monitoring firm for £42mln

The FTSE 100 safety equipment group could also benefit from market trends accelerated by the Coronavirus (COVID-19) pandemic, according to analysts.

For instance, there has been an increased focus on hygiene driving demand for automated and touchless access systems in both the people & vehicle flow and elevator businesses, and rising use of remote monitoring across fire systems, elevators and water & wastewater leak/ spill detection.

The investment bank forecast 11% organic growth in financial year 2022, a new peak level for the group, with scope for an increasing contribution from acquisitions.

Analysts upped the price target to 2,620p from 2,420p previously, retaining the ‘equal weight’ recommendation.

Shares rose 2% to 2,778p on Monday morning.

Ted Baker powers on with turnaround plan, unveils new pricing, sustainability goals

Previous article

Proactive news headlines: Tavistock Investments, Helium One Global, Open Orphan, Instem…

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News