Halma (LON:HLMA) Shares Cross Above 200 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 3,374.61 and traded as high as GBX 3,550. Halma shares last traded at GBX 3,544, with a volume of 224,916 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Panmure Gordon upped their target price on Halma from GBX 3,820 to GBX 3,880 and gave the company a “buy” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Halma from GBX 3,690 to GBX 3,700 and gave the stock a “hold” rating in a research report on Friday, November 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 3,750 target price on shares of Halma in a research report on Thursday, November 20th. Berenberg Bank lifted their target price on Halma from GBX 3,250 to GBX 3,750 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Halma from GBX 3,500 to GBX 3,900 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,702.50.

Halma Stock Performance

The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51. The company has a 50 day simple moving average of GBX 3,528.47 and a 200-day simple moving average of GBX 3,374.61. The stock has a market capitalization of £13.39 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

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 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.