Haleon PLC (HLN) Receives a Buy from Kepler Capital

Kepler Capital analyst Karel Zoete maintained a Buy rating on Haleon PLC on April 14 and set a price target of p450.00. The company’s shares closed yesterday at p357.20.

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Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Essity AB, and Glanbia. According to TipRanks, Zoete has an average return of -1.0% and a 48.13% success rate on recommended stocks.

Currently, the analyst consensus on Haleon PLC is a Moderate Buy with an average price target of p435.91, implying a 22.04% upside from current levels. In a report released on March 30, Jefferies also maintained a Buy rating on the stock with a p450.00 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 48 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.