Haleon (HLN)

Sector:

Pharma and Biotech

Index:

FTSE 100

413.90p
   
  • Change Today:
    -1.30p
  • 52 Week High: 419.50p
  • 52 Week Low: 320.80p
  • Currency: UK Pounds
  • Shares Issued: 9,002m
  • Volume: 80,249,496
  • Market Cap: £37,260m
  • Beta: 0.00

Morgan Stanley upgrades Reckitt, downgrades Haleon

By Michele Maatouk

Date: Friday 10 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Morgan Stanley upgraded Reckitt Benckiser and downgraded Haleon on Friday as it took a look at consumer staples stocks.
The bank lifted Reckitt to 'overweight' from 'equalweight' and upped the price target to 5,500p from 4,600p, saying it was its new "top pick" in home and personal care (HPC).

Morgan Stanley said that after several years of earnings volatility, it expects Reckitt to deliver mid single digit percentage like-for-like growth and high single digit earnings per share growth from 2025, supported by the company's ongoing buyback programme, placing it at the top quartile of EU Staples peers.

"Additionally, the potential sale of the company's Essential Home business later in the year could support further re-rating and capital return," it said. "We acknowledge risks around the ongoing litigation, but argue that is priced in at current levels, leaving the risk/reward positively skewed."

The bank downgraded Haleon to 'equalweight' from 'overweight' but lifted the price target to 410p from 400p.

It said it continues to consider Haleon a core long-term holding owing to its well-positioned portfolio in attractive categories.

"However, after a year of significant outperformance, with shares now trading at a 25% premium to EU Staples, we await a better opportunity to add," Morgan Stanley said.

At 0920 GMT, Reckitt shares were up 2.3% at 5,036p, while Haleon was down 1.7% at 376.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Haleon Market Data

Currency UK Pounds
Share Price 413.90p
Change Today -1.30p
% Change -0.31 %
52 Week High 419.50p
52 Week Low 320.80p
Volume 80,249,496
Shares Issued 9,002m
Market Cap £37,260m
Beta 0.00

Haleon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.83% below the market average79.83% below the market average79.83% below the market average79.83% below the market average79.83% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average
Price Trend
74.36% above the market average74.36% above the market average74.36% above the market average74.36% above the market average74.36% above the market average
73.91% above the sector average73.91% above the sector average73.91% above the sector average73.91% above the sector average73.91% above the sector average
Income
12.05% below the market average12.05% below the market average12.05% below the market average12.05% below the market average12.05% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average
53.33% below the sector average53.33% below the sector average53.33% below the sector average53.33% below the sector average53.33% below the sector average

Haleon Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 15-Aug-24
Paid 05-Jun-25 19-Sep-24
Amount 4.60p 2.00p

Trades for 30-May-2025

Time Volume / Share Price
15:25 9,611,481 @ 416.60p
15:25 9,611,481 @ 416.60p
17:05 200,000 @ 415.25p
16:47 103,872 @ 417.70p
16:45 911 @ 413.90p

Haleon Key Personnel

CEO Brian McNamara
CFO Dawn Allen

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