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

Halma plc (LON:HLMA)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,580.01 and traded as high as GBX 3,854. Halma shares last traded at GBX 3,784, with a volume of 7,004,221 shares trading hands.

Wall Street Analysts Forecast Growth

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

Halma Stock Down 0.3%

The company’s 50-day simple moving average is GBX 3,775.35 and its two-hundred day simple moving average is GBX 3,580.01. The firm has a market capitalization of £14.29 billion, a P/E ratio of 41.38, a P/E/G ratio of 2.93 and a beta of 0.92. The company has a debt-to-equity ratio of 43.44, a current ratio of 2.18 and a quick ratio of 1.51.

Halma (LON:HLMA) last issued its quarterly earnings data 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%. As a group, research analysts expect that Halma plc will post 90.5626134 earnings per share for the current 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.