Jefferies Reaffirms Their Buy Rating on Haleon PLC (HLN)

In a report released today, David Hayes from Jefferies reiterated a Buy rating on Haleon PLC, with a price target of p400.00.

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Hayes covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and Puig Brands, S.A.. According to TipRanks, Hayes has an average return of 2.9% and a 58.60% success rate on recommended stocks.

In addition to Jefferies, Haleon PLC also received a Buy from Barclays’s Warren Ackerman in a report issued on April 30. However, on the same day, Deutsche Bank maintained a Sell rating on Haleon PLC (LSE: HLN).

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 47 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.