Halma (LON:HLMA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Halma plc (LON:HLMA) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HLMA shares. Shore Capital reaffirmed a “hold” rating on shares of Halma in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft upped their target price on Halma from GBX 3,290 to GBX 3,690 and gave the company a “hold” rating in a research note on Friday, October 3rd. The Goldman Sachs Group assumed coverage on shares of Halma in a research note on Thursday, August 7th. They set a “buy” rating and a GBX 3,740 price target on the stock. Finally, Berenberg Bank boosted 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. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Halma currently has a consensus rating of “Hold” and an average price target of GBX 3,396.

Halma Price Performance

The company has a 50-day moving average of GBX 3,424.27 and a 200 day moving average of GBX 3,200.38. 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 firm has a market cap of £12.88 billion, a P/E ratio of 43.64, a P/E/G ratio of 2.93 and a beta of 0.53.

Insider Activity at Halma

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