Halma (LON:HLMA) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Halma plc (LON:HLMA) shares crossed 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HLMA. Berenberg Bank raised their price objective on shares of Halma from GBX 2,450 ($30.95) to GBX 2,700 ($34.11) and gave the company a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($32.85) price objective on the stock in a research note on Friday, December 6th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Halma in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Halma has an average rating of “Hold” and a consensus price target of GBX 2,587.50 ($32.69).

Halma Trading Down 0.7 %

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’s fifty day moving average is GBX 2,826.65 and its 200 day moving average is GBX 2,661.66. The firm has a market capitalization of £10.97 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Halma (LON:HLMA) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 43.01 ($0.54) EPS for the quarter. Halma had a net margin of 13.21% and a return on equity of 15.87%. Equities analysts predict that Halma plc will post 90.5626134 earnings per share for the current year.

Insider Buying and Selling

In other Halma news, insider Carole Cran bought 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of GBX 2,659 ($33.59) per share, with a total value of £212,720 ($268,755.53). 2.20% of the stock is currently owned by company insiders.

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.