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

Halma plc (LON:HLMA) shares 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 traded.

Analyst Ratings Changes

Several research firms recently weighed in on HLMA. Deutsche Bank Aktiengesellschaft boosted their target price on Halma from GBX 3,200 to GBX 3,290 and gave the stock a “hold” rating in a report on Friday, September 5th. Shore Capital reiterated a “hold” rating on shares of Halma in a report on Friday, September 26th. The Goldman Sachs Group initiated coverage on Halma in a report on Thursday, August 7th. They set a “buy” rating and a GBX 3,740 price target for the company. Finally, Berenberg Bank upped their price target on Halma from GBX 3,250 to GBX 3,750 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 3,316.

Halma Trading Down 0.2%

The firm has a market capitalization of £13.19 billion, a P/E ratio of 4,470.63, a PEG 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 business has a 50-day moving average price of GBX 3,297.31 and a 200-day moving average price of GBX 3,039.64.

Insider Activity

In other 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 transaction 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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.