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

Halma plc (LON:HLMA)’s stock price 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 changing hands.

Wall Street Analyst Weigh In

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

Halma Stock Down 0.7 %

The company has a market capitalization of £10.97 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The firm has a 50-day moving average of GBX 2,826.65 and a two-hundred day moving average of GBX 2,660.98.

Halma (LON:HLMA) last released its quarterly 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%. Equities research analysts predict that Halma plc will post 90.5626134 earnings per share for the current fiscal year.

Insider Transactions at Halma

In other news, insider Carole Cran purchased 8,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of GBX 2,659 ($33.59) per share, for a total transaction of £212,720 ($268,755.53). Company insiders own 2.20% of the company’s stock.

About Halma

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.