Halma (LON:HLMA) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Halma plc (LON:HLMA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,039.64 ($40.98) and traded as high as GBX 3,528 ($47.56). Halma shares last traded at GBX 3,493.35 ($47.09), with a volume of 498,121 shares trading hands.

Analysts Set New Price Targets

HLMA has been the subject of a number of recent analyst reports. Berenberg Bank increased their price target on Halma from GBX 3,250 to GBX 3,750 and gave the company a “buy” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group initiated coverage on Halma in a research report on Thursday, August 7th. They issued a “buy” rating and a GBX 3,740 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on Halma from GBX 3,200 to GBX 3,290 and gave the company a “hold” rating in a research report on Friday, September 5th. Finally, Shore Capital reiterated a “hold” rating on shares of Halma in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 3,316.

Halma Price Performance

The stock has a market capitalization of £13.19 billion, a price-to-earnings ratio of 4,470.63, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83. The stock has a 50-day simple moving average of GBX 3,297.31 and a 200 day simple moving average of GBX 3,039.64.

Insider Activity at Halma

In related news, insider Jennifer Ward sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of GBX 3,381, for a total value of £507,150. 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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.