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

Halma plc (LON:HLMA)’s share price 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.

Wall Street Analysts Forecast Growth

HLMA has been the subject of a number of recent research reports. Berenberg Bank upped their price objective on shares of Halma from GBX 2,450 ($30.95) to GBX 2,700 ($34.11) and gave the stock a “hold” rating in a report on Thursday, December 5th. Shore Capital reissued a “hold” rating on shares of Halma in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($32.85) target price for the company in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,587.50 ($32.69).

Halma Price Performance

The stock’s 50-day moving average price is GBX 2,826.65 and its 200 day moving average price is GBX 2,661.66. The firm has a market cap 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. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83.

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

Insider Buying and Selling

In other news, insider Carole Cran acquired 8,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of GBX 2,659 ($33.59) per share, with a total value of £212,720 ($268,755.53). Company insiders own 2.20% of the company’s stock.

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.