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Investing.com - Goldman Sachs has initiated coverage on Halma Plc. (LON:HLMA) with a Buy rating and a price target of GBP37.40, citing the company’s sustainable high-growth, high-returns business model.
The investment bank projects that Halma will deliver more than 11% adjusted EPS compound annual growth rate and approximately 18% average return on invested capital over the next five years.
Goldman Sachs’ fiscal year 2026, 2027, and 2028 adjusted EBIT forecasts are approximately 1%, 7%, and 9% ahead of consensus estimates, respectively, supported by Halma’s alignment to high-growth industrial end-markets and its proven M&A strategy.
The price target of GBP37.40 implies approximately 15% upside potential and represents a 12-month forward EV/EBIT multiple of 23.5x, which is a 55% premium to the Multi-Industry sector compared to 65% historically.
Halma is also traded over-the-counter in the United States under the ticker (OTC:HLMAF).
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