Halma (LON:HLMA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Halma plc (LON:HLMA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,616.05 and traded as high as GBX 3,928. Halma shares last traded at GBX 3,858.97, with a volume of 1,059,385 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on HLMA shares. Panmure Gordon raised their price target on Halma from GBX 3,820 to GBX 3,880 and gave the stock a “buy” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Halma from GBX 3,800 to GBX 3,980 and gave the company a “hold” rating in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on Halma from GBX 3,500 to GBX 3,900 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Halma has an average rating of “Moderate Buy” and a consensus target price of GBX 3,737.50.

Halma Stock Up 1.5%

The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 43.44. The stock has a market cap of £14.58 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 2.93 and a beta of 0.92. The business’s fifty day moving average is GBX 3,800.06 and its two-hundred day moving average is GBX 3,616.05.

Halma (LON:HLMA) last released its earnings results on Friday, January 16th. The company reported GBX 55.32 earnings per share (EPS) for the quarter. Halma had a net margin of 14.63% and a return on equity of 13.73%. Equities analysts forecast that Halma plc will post 90.5626134 earnings per share for the current fiscal year.

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.