Barclays Remains a Buy on Haleon PLC (HLN)

In a report released yesterday, Warren Ackerman from Barclays maintained a Buy rating on Haleon PLC. The company’s shares closed yesterday at p366.90.

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Ackerman covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Henkel AG & Co. KGaA, and Reckitt. According to TipRanks, Ackerman has an average return of -0.3% and a 45.60% success rate on recommended stocks.

Haleon PLC has an analyst consensus of Moderate Buy, with a price target consensus of p426.45, representing a 16.23% upside. In a report released on March 19, Berenberg Bank also reiterated a Buy rating on the stock with a p512.00 price target.

Based on Haleon PLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p2.74 billion and a net profit of p403 million. In comparison, last year the company earned a revenue of p2.78 billion and had a net profit of p303 million

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLN in relation to earlier this year.