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Barclays Sticks to Its Buy Rating for Haleon PLC (HLN)

Tipranks - Fri May 1, 3:40AM CDT

Barclays analyst Warren Ackerman maintained a Buy rating on Haleon PLC today and set a price target of £4.15.

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Ackerman covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Reckitt, and Unilever. According to TipRanks, Ackerman has an average return of -1.1% and a 44.61% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Haleon PLC with a p445.63 average 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.

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