Halma to buy New York-based FluxData for up to $27.5m
9th Jan 2017 09:12
(ShareCast News) - Safety, health and environmental technology group Halma announced the acquisition of FluxData Incorporated from private shareholders for up to $27.5m in cash to be funded from its existing cash and debt facilities. New York-based FluxData designs and manufactures advanced multispe
Read moreSector movers: UK engineers pace gains
5th Dec 2016 16:34
(ShareCast News) - Cyclicals and defensives switched places on the leaderboard on Monday, when compared to the end of the previous week. Shares in some of the main UK engineers were among the best performers amid the former following a positive endorsement on the space from analysts at HSBC said in
Read moreHalma's interim revenues jump, second-half on track to meet targets
22nd Nov 2016 07:59
(ShareCast News) - Safety, health and environmental technology company Halma's interim revenues rose and it remains on track to meet its targets for the second half of the year. For the six months to 1 October, the FTSE 250 company's revenue increased 16% to £442.1m (Numis: £444.0m), compared to the
Read moreFriday broker round-up
30th Sep 2016 10:06
(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe
Read moreWednesday broker round-up
31st Aug 2016 16:34
(ShareCast News) - Halma: Jefferies reiterates buy with a target price of 1210p. G4S: UBS maintains buy with a 260p target. Bunzl: Barclays reiterates equal-weight with a 2450p target. Carclo: Finncap reiterates hold with a 150p target. Associated British Foods: Berenberg downgrades to hold with
Read moreSector movers: UK engineers drop on downgrades, utilities lower as well
16th Aug 2016 17:34
(ShareCast News) - Shares in British engineering groups Spectris and Halma dragged the Electronic & Electrical equipment sector lower after analysts at HSBC downgraded their stance on both in the wake-up of the recent run-up in their stock price. "The sector continued to re-rate through results seas
Read moreBroker tips: UK engineers, EnQuest, IG Group
16th Aug 2016 12:31
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreTuesday broker round-up
16th Aug 2016 11:38
(ShareCast News) - Investec: UBS reiterates buy with a target price of 550p. Hastings: Berenberg maintains buy with a 234p target. Auto Trader: Goldman Sachs reiterates buy with a 445p target. Smiths Group: HSBC stays at hold with a 1300p target. Rightmove: Goldman Sachs keeps at neutral with a t
Read moreRotork, Spectris and Halma slump on HSBC downgrade
16th Aug 2016 09:54
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreHalma reports rise in Q1 revenue and order intake
21st Jul 2016 09:44
(ShareCast News) - FTSE 250 safety, health and environment technology group Halma reported a rise in first-quarter revenues and order intake and said the weaker pound could provide a boost. In a trading update for the quarter ended 2 July, the company said it has continued to make good progress in l
Read moreWednesday broker round-up
15th Jun 2016 15:32
(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo
Read moreHalma full year boosted by strong revenue growth
14th Jun 2016 07:12
(ShareCast News) - Health and safety technology company Halma said full year pre-tax profits rose 2% to £136.3m as revenues jumped 11% to £807m. The revenue increase included 6% in organic constant currency growth and a 2% favourable currency impact. Adjusted profit rose by 8% to £166.0m including 3
Read moreBroker tips: Inmarsat, Halma, Taylor Wimpey
17th May 2016 15:07
(ShareCast News) - Credit Suisse reiterated its 'outperform' rating on Inmarsat while downgrading rival Eutelsat to 'neutral' after its substantial profit warning. The Swiss bank admitted its positive view over the past 18 months on the outlook for global satellite revenue growth has proved overly o
Read moreUBS downgrades Halma on valuation grounds
17th May 2016 11:04
(ShareCast News) - UBS has downgraded Halma to 'sell' from 'neutral' with the health and safety technology group's shares tottering at 25-year highs and at a 49% premium to the engineering sector. "If the world is better than expected Halma will likely underperform versus the group as it is less cyc
Read moreBroker tips: Smith & Nephew, Pennon, Halma
11th Feb 2016 11:55
(ShareCast News) - Smith & Nephew shares plunged on Thursday after UBS downgraded the company to 'neutral' on concerns about margin expansion. The investment bank said in a note that it has previously rated the company at 'buy' on the opportunity for margin expansion driven by a recovery in the Woun
Read more