Haleon (LON:HLN) Shares Down 0.6% – Here’s What Happened

Haleon plc (LON:HLN)’s share price was down 0.6% during mid-day trading on Tuesday . The company traded as low as GBX 384.60 ($5.16) and last traded at GBX 388.60 ($5.22). Approximately 17,750,443 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 26,079,627 shares. The stock had previously closed at GBX 391 ($5.25).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their target price on Haleon from GBX 456 ($6.12) to GBX 457 ($6.14) and gave the company a “buy” rating in a research report on Friday, February 28th.

Haleon Stock Down 0.6%

The stock has a 50 day moving average price of GBX 395.02 and a 200 day moving average price of GBX 386.99. The stock has a market capitalization of £35.07 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 1.49 and a beta of 0.19. The company has a quick ratio of 0.93, a current ratio of 0.84 and a debt-to-equity ratio of 53.36.

Insider Activity

In other news, insider Asmita Dubey purchased 15,424 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of GBX 401 ($5.38) per share, with a total value of £61,850.24 ($83,031.60). Also, insider Blathnaid Bergin purchased 6,145 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were purchased at an average cost of GBX 404 ($5.42) per share, for a total transaction of £24,825.80 ($33,327.69). Over the last three months, insiders have bought 42,869 shares of company stock valued at $17,294,104. 10.74% of the stock is currently owned by corporate insiders.

About Haleon

Haleon (LSE / NYSE: HLN) is a world-leading consumer health company, with a clear purpose to deliver better everyday health with humanity. In July 2022, it listed as an independent company on the London and New York Stock Exchanges.

Haleon’s product portfolio spans six major categories – Oral Health, Vitamins, Minerals and Supplements (VMS), Pain Relief, Respiratory Health, Digestive Health and Therapeutic Skin Health and Other.