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Berenberg Bank Sticks to Its Buy Rating for Haleon PLC (HLN)

Tipranks - Tipranks - Fri May 1, 8:44AM CDT

In a report released today, Bethan Davies from Berenberg Bank reiterated a Buy rating on Haleon PLC, with a price target of p512.00.

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According to TipRanks, Davies is a 3-star analyst with an average return of 6.1% and a 46.43% success rate.

In addition to Berenberg Bank, Haleon PLC also received a Buy from Goldman Sachs’s Olivier Nicolai in a report issued today. However, yesterday, RBC Capital maintained a Hold rating on Haleon PLC (LSE: HLN).

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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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