Halma (LON:HLMA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Halma plc (LON:HLMA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,461.03 and traded as high as GBX 3,668. Halma shares last traded at GBX 3,626.57, with a volume of 1,237,322 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HLMA shares. Citigroup increased their target price on shares of Halma from GBX 3,150 to GBX 3,700 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Panmure Gordon increased their price target on shares of Halma from GBX 3,820 to GBX 3,880 and gave the company a “buy” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of Halma from GBX 3,500 to GBX 3,900 and gave the company a “neutral” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upped their price target on Halma from GBX 3,800 to GBX 3,980 and gave the company a “hold” rating in a research note on Friday, January 16th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 3,750 price target on shares of Halma in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Halma currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,737.50.

Halma Stock Performance

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 capitalization of £13.70 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 2.93 and a beta of 0.53. The company has a fifty day moving average of GBX 3,589.73 and a two-hundred day moving average of GBX 3,461.03.

Halma (LON:HLMA) last posted its quarterly earnings results on Friday, January 16th. The company reported GBX 55.32 EPS for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. As a group, equities research analysts predict that Halma plc will post 90.5626134 earnings per share for the current fiscal year.

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.