Shares of Halma plc (LON:HLMA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2,111.69 and traded as high as $2,333.00. Halma shares last traded at $2,300.00, with a volume of 880,130 shares trading hands.
HLMA has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of Halma to an “underperform” rating and dropped their price objective for the company from GBX 2,070 ($26.35) to GBX 1,705 ($21.70) in a research note on Tuesday, April 14th. Berenberg Bank restated a “hold” rating on shares of Halma in a research report on Friday, May 15th. Peel Hunt increased their price objective on Halma from GBX 1,800 ($22.91) to GBX 2,100 ($26.73) and gave the stock a “hold” rating in a research report on Thursday, June 11th. Shore Capital reiterated a “buy” rating on shares of Halma in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Halma in a research note on Monday, May 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,871.88 ($23.82).
The company has a current ratio of 2.55, a quick ratio of 1.76 and a debt-to-equity ratio of 36.87. The business has a 50 day moving average price of GBX 2,247.76 and a 200-day moving average price of GBX 2,111.69. The firm has a market capitalization of $8.72 billion and a PE ratio of 48.42.
Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.
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