Kepler Capital Sticks to Its Buy Rating for Haleon PLC (HLN)

In a report released on April 29, Karel Zoete from Kepler Capital maintained a Buy rating on Haleon PLC, with a price target of p450.00. The company’s shares closed yesterday at p340.00.

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According to TipRanks, Zoete is an analyst with an average return of -1.8% and a 45.79% success rate. Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Glanbia, and Reckitt.

Haleon PLC has an analyst consensus of Moderate Buy, with a price target consensus of p432.22, a 27.12% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a £4.15 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.