Halma (LON:HLMA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Halma plc (LON:HLMA) shares 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

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

Halma Stock Up 0.5 %

The stock’s fifty day simple moving average is GBX 2,635.80 and its two-hundred day simple moving average is GBX 2,593.51. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45.

Halma Cuts Dividend

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

Insiders Place Their Bets

In other Halma news, insider Jennifer Ward sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.13), for a total transaction of £1,324,000 ($1,656,656.66). 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.