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

Shares of Halma plc (LON:HLMA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

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

Halma Stock Down 0.8 %

The stock has a 50-day moving average of GBX 2,585.36 and a 200 day moving average of GBX 2,556.60. The company has a market capitalization of £10.31 billion, a PE 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.

Halma Cuts Dividend

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

Insider Transactions at Halma

In related news, insider Jennifer Ward sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.42), for a total value of £1,324,000 ($1,671,084.19). Company insiders own 2.20% of the company’s stock.

Halma Company Profile

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.