stock

Haleon PLC Share Forecast: Can HLN touch 10 points in 2023?

  • Trading for 16.2% less than what we believe to be its true value
  • Forecasted earnings growth is 13.42% annually.

The current market value of Haleon PLC is 29.76B. The business has a dividend yield of 0.74%, a P/E ratio of 26.95, and a TTM EPS of 0.119 dollars. The expected EPS projection for Haleon PLC’s next earnings release on February 29, 2024, is 0.09.

The HLN stock price closed at  8.22 USD with a total market cap valuation of $ 37.95B (44 million shares outstanding). The HLN is trading on the NYSE with the sign HLN. HLN price is up -1.08% in the past 24 hours. According to 26 analysts who have provided 12-month price projections, Haleon Plc Spon Ads (HLN) has a maximum upside potential of 38.11.

Will it touch 9 USD?

The Market of HLN has been totally sideways, for the 6 months. They have various support and resistance, the support is at, 307 USD, and the second support is at 282 USD. And resistance is 339 USD. The Volume of the daily chart is average, no such Preakness is there. 

Based on the average price objective of the experts, Haleon PLC might increase by 8.28%. 350.38 USD is the average price objective for Haleon PLC. This is based on eight 12-month price estimates released in the previous three months by Wall Street analysts. The lowest projection is 300.00 USD, while the maximum analyst price goal is 387.00 USD. In comparison to the current price of 323.6 USD, the average price objective reflects an 8.28% increase.

The HLN 20-day Exponential Moving Average is 328.15 USD, while the HLN share price is 323.6 USD, indicating a Sell on the Daily Chart. The HLN Moving Averages Convergence Divergence (MACD) indicator is 0.67, also indicating a Buy. With a share price of 323.6p and a 50-day exponential moving average of 327.14 USD, HLN is a Sell.

The relative Strength Index (RSI) for Haleon PLC is 43.40, providing a Neutral signal. The trend Strength Indicator (ADX) for Haleon PLC is 17.68, creating a Buy signal. The Commodity Channel Index (CCI) for Haleon PLC is -99.15, generating a Neutral signal. The price Rate of Change (ROC) for Haleon PLC is -4.16, creating a Sell signal.

Based on 8 Wall Street analysts 12-month price forecasts for Haleon PLC over the preceding three months. The average price goal is 350.38 USD, with a high forecast of 387.00 USD and a low prognosis of 300.00 USD. The average price objective represents a 7.99% change from the most recent price of 324.45 USD.

Halon is in a rising trend channel in the medium and long term. This signals increasing optimism among investors and indicates a continued rise. The stock is testing support at dollar 8.26 USD. This could give a positive reaction, but a downward breakthrough of 8.26 USD  means a negative signal. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well.

Conclusion

The average analyst recommendation for Haleon PLC is a Moderate Buy. Based on the evaluations of eight Wall Street analysts. Technical indicators for HLN indicate that the stock is a Sell. Williams% R (14) for HLN is -69.12 USD, indicating that the stock is a Buy.

Technical Level

  • Support: 307 USD
  • Resistance: 339 USD

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Deepika

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