Halma (LON:HLMA) Shares Cross Above 50-Day Moving Average – What’s Next?

Halma plc (LON:HLMA – Get Free Report)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 3,485.92 and traded as high as GBX 3,564. Halma shares last traded at GBX 3,564, with a volume of 856,762 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 4,200 price objective on shares of Halma in a research report on Thursday, July 16th. Jefferies Financial Group restated a “hold” rating and set a GBX 3,660 price objective on shares of Halma in a research note on Friday, September 25th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of £6,003.71.

View Our Latest Report on HLMA

Halma Stock Down 0.7%

The company has a market cap of £13.37 billion, a P/E ratio of 36.06, a P/E/G ratio of 2.93 and a beta of 0.98. The company’s 50-day moving average is GBX 3,485.92 and its two-hundred day moving average is GBX 3,850.31. The company has a debt-to-equity ratio of 42.13, a current ratio of 2.14 and a quick ratio of 1.51.

About Halma

(Get Free Report)

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.

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