GlaxoSmithKline Given “Buy” Rating at Deutsche Bank (GSK)
GlaxoSmithKline (LON:GSK)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 1,850 ($29.85) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 19.62% from the company’s current price.
A number of other analysts have also recently weighed in on GSK. Analysts at Societe Generale reiterated a “buy” rating on shares of GlaxoSmithKline (LON:GSK) in a research note to investors on Tuesday. They now have a GBX 2,000 ($32.27) price target on the stock. Separately, analysts at AlphaValue reiterated a “sell” rating on shares of GlaxoSmithKline (LON:GSK) in a research note to investors on Thursday, September 26th. They now have a GBX 1,440 ($23.23) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of GlaxoSmithKline (LON:GSK) in a research note to investors on Tuesday, September 24th. They now have a GBX 1,850 ($29.85) price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,640.28 ($26.46).
GlaxoSmithKline (LON:GSK) traded down 0.77% on Wednesday, hitting GBX 1546.50. 6,514,266 shares of the company’s stock traded hands. GlaxoSmithKline has a 52 week low of GBX 1314.00 and a 52 week high of GBX 1816.00. The stock’s 50-day moving average is GBX 1652. and its 200-day moving average is GBX 1640.. The company’s market cap is £74.928 billion.
GlaxoSmithKline plc (LON:GSK) is global healthcare group, which is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products.
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