Halma (LON:HLMA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Halma plc (LON:HLMA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,590.74 ($32.42) and traded as high as GBX 2,702 ($33.81). Halma shares last traded at GBX 2,689 ($33.65), with a volume of 107,848 shares traded.

Analyst Ratings Changes

HLMA has been the topic of a number of research reports. Berenberg Bank boosted their target price on shares of Halma from GBX 2,450 ($30.66) to GBX 2,700 ($33.78) and gave the company a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($32.53) price objective on the stock in a research report on Friday, December 6th. Finally, Shore Capital restated a “hold” rating on shares of Halma in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 2,587.50 ($32.38).

Halma Stock Up 0.5 %

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 stock’s 50 day simple moving average is GBX 2,635.80 and its 200 day simple moving average is GBX 2,593.51. The firm has a market cap of £10.19 billion, a P/E ratio of 3,805.63, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Halma Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, December 19th will be given a GBX 9 ($0.11) dividend. The ex-dividend date is Thursday, December 19th. This represents a yield of 0.36%. Halma’s payout ratio is 3,098.59%.

Insider Activity at Halma

In other news, insider Jennifer Ward sold 50,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.13), for a total value of £1,324,000 ($1,656,656.66). 2.20% of the stock is owned by insiders.

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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.