Halma (LON:HLMA) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Halma plc (LON:HLMA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,200.38 and traded as high as GBX 3,560. Halma shares last traded at GBX 3,428, with a volume of 136,757,172 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Berenberg Bank increased their price target on shares of Halma from GBX 3,250 to GBX 3,750 and gave the company a “buy” rating in a report on Wednesday, September 10th. Shore Capital reaffirmed a “hold” rating on shares of Halma in a research note on Friday, September 26th. The Goldman Sachs Group initiated coverage on Halma in a report on Thursday, August 7th. They issued a “buy” rating and a GBX 3,740 target price for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Halma from GBX 3,290 to GBX 3,690 and gave the company a “hold” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 3,396.

Halma Stock Performance

The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The business has a 50 day moving average price of GBX 3,426.34 and a 200 day moving average price of GBX 3,209.44. The stock has a market cap of £12.81 billion, a P/E ratio of 43.41, a PEG ratio of 2.93 and a beta of 0.53.

Insider Buying and Selling

In other Halma news, insider Jennifer Ward sold 15,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of GBX 3,381, for a total value of £507,150. 0.81% of the stock is owned by company insiders.

Halma Company Profile

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.