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Halma (LON:HLMA) Stock Passes Above 200 Day Moving Average - Time to Sell?


Halma (LON:HLMA) Stock Passes Above 200 Day Moving Average   - Time to Sell?

Halma plc (LON:HLMA - 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 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 traded.

Several research analysts have commented on HLMA shares. JPMorgan Chase & Co. upgraded Halma to a "neutral" rating and set a GBX 2,600 ($32.59) target price for the company in a research note on Friday, December 6th. Berenberg Bank increased 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 note on Thursday, December 5th. Finally, Shore Capital restated a "hold" rating on shares of Halma in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 2,587.50 ($32.44).

Read Our Latest Stock Report on HLMA

The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The company has a market capitalization of £10.29 billion, a PE ratio of 3,842.25, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The stock's fifty day moving average price is GBX 2,605.32 and its two-hundred day moving average price is GBX 2,571.36.

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

In other news, insider Jennifer Ward sold 50,000 shares of Halma stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.20), for a total transaction of £1,324,000 ($1,659,771.84). Insiders own 2.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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