Trading in the first 3 months of the financial year has been in line with expectations. As we have said previously, valuation is always the moot point with Halma, now on a P/E of c.22.6x Mar 16, and ahead of the ratings of (equally) high quality US peers such as Danaher. We remain at Sell on valuation grounds.
23 Jul 2015
Q1 trading in line
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Q1 trading in line
Halma plc (HLMA:LON) | 2,173 -608.4 (-1.3%) | Mkt Cap: 8,250m
- Published:
23 Jul 2015 -
Author:
Jon Lienard -
Pages:
3
Trading in the first 3 months of the financial year has been in line with expectations. As we have said previously, valuation is always the moot point with Halma, now on a P/E of c.22.6x Mar 16, and ahead of the ratings of (equally) high quality US peers such as Danaher. We remain at Sell on valuation grounds.