Halma (LON:HLMA) Shares Pass Above 200 Day Moving Average – Time to Sell?

Halma plc (LON:HLMA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,791.43 and traded as high as GBX 4,572. Halma shares last traded at GBX 4,544, with a volume of 2,413,740 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HLMA. Deutsche Bank Aktiengesellschaft raised their price target on Halma from GBX 3,800 to GBX 3,980 and gave the stock a “hold” rating in a research report on Friday, January 16th. Shore Capital Group restated a “hold” rating on shares of Halma in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,737.50.

Halma Trading Down 0.4%

The company has a fifty day simple moving average of GBX 4,107.60 and a two-hundred day simple moving average of GBX 3,791.43. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 43.44. The stock has a market capitalization of £17.16 billion, a P/E ratio of 49.69, a price-to-earnings-growth ratio of 2.93 and a beta of 0.96.

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.