Halma (LON:HLMA) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Halma shares passed above their 200-day moving average (GBX 3,718.83), trading as high as GBX 4,504 and last at GBX 4,451 on a volume of 503,967 shares.
• Analysts are split—four Buy and four Hold—with a consensus rating of Moderate Buy and an average price target of GBX 3,737.50, while Deutsche Bank recently raised its target to GBX 3,980 (Hold).
• The company has a market capitalization of £16.81 billion and trades at a relatively high valuation (P/E 48.67, PEG 2.93) while showing solid liquidity (current ratio 2.18) and moderate leverage (debt-to-equity 43.44).

Shares of Halma plc (LON:HLMA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,718.83 and traded as high as GBX 4,504. Halma shares last traded at GBX 4,451, with a volume of 503,967 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HLMA shares. Shore Capital Group reaffirmed a "hold" rating on shares of Halma in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft upped their price target on Halma from GBX 3,800 to GBX 3,980 and gave the company a "hold" rating in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Halma presently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,737.50.

Halma Trading Up 0.5%

The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 43.44. The company has a market capitalization of £16.81 billion, a P/E ratio of 48.67, a PEG ratio of 2.93 and a beta of 0.92. The business has a 50 day moving average price of GBX 4,010.95 and a 200 day moving average price of GBX 3,718.83.

About Halma

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 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.

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