Halma (LON:HLMA) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Halma plc (LON:HLMA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,556.60 ($32.27) and traded as high as GBX 2,771 ($34.97). Halma shares last traded at GBX 2,733 ($34.49), with a volume of 297,237 shares trading hands.

Wall Street Analyst Weigh In

HLMA has been the topic of several research analyst reports. Berenberg Bank increased their price objective on shares of Halma from GBX 2,450 ($30.92) to GBX 2,700 ($34.08) and gave the company a “hold” rating in a research 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 ($32.82) price objective on the stock in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Halma has a consensus rating of “Hold” and an average price target of GBX 2,587.50 ($32.66).

Halma Trading Down 0.8 %

The firm has a market capitalization of £10.31 billion, a P/E ratio of 3,849.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business’s 50-day moving average is GBX 2,585.36 and its 200 day moving average is GBX 2,556.60. The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51.

Halma Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be paid a dividend of GBX 9 ($0.11) per share. The ex-dividend date 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 stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.42), for a total transaction of £1,324,000 ($1,671,084.19). Corporate insiders own 2.20% of the company’s stock.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Healthcare.