Halma (LON:HLMA) Share Price Passes Above 200-Day Moving Average – Here’s Why

Halma plc (LON:HLMA) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,660.98 ($33.62) and traded as high as GBX 2,951 ($37.28). Halma shares last traded at GBX 2,914 ($36.82), with a volume of 381,939 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Berenberg Bank upped their price target on Halma from GBX 2,450 ($30.95) to GBX 2,700 ($34.11) and gave the stock a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised Halma to a “neutral” rating and set a GBX 2,600 ($32.85) price target for the company in a report on Friday, December 6th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Halma in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 2,587.50 ($32.69).

Halma Stock Down 0.7 %

The business has a fifty day simple moving average of GBX 2,826.65 and a 200 day simple moving average of GBX 2,660.98. The firm has a market cap of £10.97 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51.

Halma (LON:HLMA) last announced its earnings results on Thursday, November 21st. The company reported GBX 43.01 ($0.54) EPS for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. As a group, equities analysts forecast that Halma plc will post 90.5626134 EPS for the current fiscal year.

Insider Buying and Selling at Halma

In related news, insider Carole Cran purchased 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of GBX 2,659 ($33.59) per share, with a total value of £212,720 ($268,755.53). Insiders own 2.20% 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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.