Halma (LON:HLMA) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Halma plc (LON:HLMA)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,679.22 ($34.69) and traded as high as GBX 2,684 ($34.75). Halma shares last traded at GBX 2,594.50 ($33.59), with a volume of 166,888,391 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HLMA shares. JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($33.66) target price for the company in a research note on Friday, December 6th. Shore Capital restated a “hold” rating on shares of Halma in a research report on Thursday, November 21st. Finally, Berenberg Bank boosted their target price on Halma from GBX 2,450 ($31.72) to GBX 2,700 ($34.96) and gave the stock a “hold” rating in a research report on Thursday, December 5th. Four research 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 currently has a consensus rating of “Hold” and a consensus target price of GBX 2,587.50 ($33.50).

Halma Stock Down 3.2 %

The firm has a market cap of £9.77 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company’s 50-day simple moving average is GBX 2,836.83 and its 200 day simple moving average is GBX 2,679.22. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51.

Insider Activity at Halma

In related news, insider Carole Cran bought 8,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of GBX 2,659 ($34.43) per share, with a total value of £212,720 ($275,401.35). 2.20% of the stock is owned by insiders.

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.