Helical (LON:HLCL) Share Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Helical plc's share price recently surpassed its 200-day moving average, reaching GBX 238.50 ($3.19) during trading.
• Deutsche Bank has reiterated a "buy" rating on Helical shares, with a target price set at GBX 280 ($3.74).
• The company reported earnings of GBX 2.20 ($0.03) per share for the last quarter, indicating a net margin of 65.10%.

Helical plc (LON:HLCL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 205.82 ($2.72) and traded as high as GBX 238.50 ($3.15). Helical shares last traded at GBX 238.50 ($3.15), with a volume of 68,652 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 280 ($3.70) price target on shares of Helical in a research note on Tuesday, April 15th.

Helical Stock Down 2.0%

The company has a debt-to-equity ratio of 57.82, a quick ratio of 2.59 and a current ratio of 3.44. The stock's 50 day simple moving average is GBX 225.15 and its 200 day simple moving average is GBX 206.54. The firm has a market cap of £272.47 million, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 0.43 and a beta of 0.72.

Helical (LON:HLCL - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported GBX 2.20 ($0.03) earnings per share for the quarter. Helical had a net margin of 65.10% and a return on equity of 5.77%. Research analysts anticipate that Helical plc will post 8.3172892 EPS for the current year.

Helical Company Profile

Helical is a Central London development focused real estate business listed on the London Stock Exchange. We create design-led, sustainable and inspiring spaces. We have a dynamic and experienced team with a broad skill set able to deliver optimal solutions and enhanced value through innovative thinking and in depth market knowledge. Our extensive track record in joint venture structuring and working in partnership underpins our reputation as one of London's leading development specialists.