Halma (LON:HLMA) Shares Cross Above 50-Day Moving Average – What’s Next?

Halma plc (LON:HLMA)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 3,485.92 and traded as high as GBX 3,564. Halma shares last traded at GBX 3,564, with a volume of 856,762 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on HLMA. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,200 price target on shares of Halma in a research note on Thursday, July 16th. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,660 price objective on shares of Halma in a research note on Friday, September 25th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Halma currently has a consensus rating of “Moderate Buy” and an average price target of £6,003.71.

Halma Trading Down 0.7%

The company has a debt-to-equity ratio of 42.13, a quick ratio of 1.51 and a current ratio of 2.14. The company has a market cap of £13.37 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The stock has a 50-day moving average of GBX 3,485.92 and a two-hundred day moving average of GBX 3,850.31.

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.