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Equities research analysts at Jefferies Group reduced their price objective on shares of GlaxoSmithKline (LON:GSK) from GBX 1,750 ($28.71) to GBX 1,650 ($27.07) in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential downside of 0.04% from the company’s current price.

GlaxoSmithKline (LON:GSK) traded up 0.46% on Wednesday, hitting GBX 1650.4999. 6,222,315 shares of the company’s stock traded hands. GlaxoSmithKline has a 52-week low of GBX 1444.50 and a 52-week high of GBX 1816.00. The stock has a 50-day moving average of GBX 1606. and a 200-day moving average of GBX 1617.. The company’s market cap is £79.075 billion.

GSK has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of GlaxoSmithKline in a research note on Wednesday. They now have a GBX 1,810 ($29.70) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of GlaxoSmithKline in a research note on Thursday, February 6th. They now have a GBX 1,750 ($28.71) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of GlaxoSmithKline in a research note on Thursday, February 6th. They now have a GBX 1,650 ($27.07) price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,720.38 ($28.23).

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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