Halma (LON:HLMA) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

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

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Halma to a “neutral” rating and set a GBX 2,600 ($32.82) price target on the stock in a report on Friday, December 6th. Berenberg Bank raised their target price on Halma from GBX 2,450 ($30.92) to GBX 2,700 ($34.08) and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, Shore Capital reiterated a “hold” rating on shares of Halma in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 2,587.50 ($32.66).

Halma Price Performance

The firm has a market cap of £10.31 billion, a P/E ratio of 3,849.30, a P/E/G 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. The business’s 50 day moving average is GBX 2,585.36 and its two-hundred day moving average is GBX 2,556.60.

Halma Cuts Dividend

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

Insider Activity

In other Halma news, insider Jennifer Ward sold 50,000 shares of Halma stock in a transaction on Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.42), for a total value of £1,324,000 ($1,671,084.19). 2.20% of the stock is owned by company insiders.

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.