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

Halma plc (LON:HLMA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,571.36 ($32.23) and traded as high as GBX 2,733 ($34.26). Halma shares last traded at GBX 2,720 ($34.10), with a volume of 297,280 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Berenberg Bank upped their target price on Halma from GBX 2,450 ($30.71) to GBX 2,700 ($33.85) and gave the company a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised Halma to a “neutral” rating and set a GBX 2,600 ($32.59) price target on the stock in a research report on Friday, December 6th. Finally, Shore Capital reissued a “hold” rating on shares of Halma in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 2,587.50 ($32.44).

Halma Price Performance

The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The company has a market cap of £10.30 billion, a price-to-earnings ratio of 3,845.07, a PEG ratio of 2.93 and a beta of 0.53. The business has a fifty day moving average price of GBX 2,609.56 and a 200 day moving average price of GBX 2,574.24.

Halma Cuts Dividend

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

Insider Activity at Halma

In other news, insider Jennifer Ward sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.20), for a total transaction of £1,324,000 ($1,659,771.84). 2.20% of the stock is owned by 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.