Halma (LON:HLMA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Halma plc (LON:HLMA) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,115.66 ($41.66) and traded as high as GBX 3,494 ($46.72). Halma shares last traded at GBX 3,492 ($46.69), with a volume of 637,618 shares.

Analyst Upgrades and Downgrades

HLMA has been the topic of several research reports. Berenberg Bank increased their target price on Halma from GBX 3,250 to GBX 3,750 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Shore Capital reissued a “hold” rating on shares of Halma in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their target price on Halma from GBX 3,290 to GBX 3,690 and gave the stock a “hold” rating in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group began coverage on Halma in a research note on Thursday, August 7th. They set a “buy” rating and a GBX 3,740 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Halma currently has an average rating of “Hold” and a consensus target price of GBX 3,396.

Halma Stock Up 0.3%

The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The company has a market cap of £13.13 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business has a 50-day simple moving average of GBX 3,356.85 and a 200-day simple moving average of GBX 3,115.66.

Insider Activity at Halma

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

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.