Shore Capital Reiterates “Buy” Rating for GlaxoSmithKline plc (GSK)
GlaxoSmithKline plc (LON:GSK) opened at 1437.00 on Monday. GlaxoSmithKline plc has a 52 week low of GBX 1200.668 and a 52 week high of GBX 1733.00. The stock’s 50-day moving average is GBX 1541. and its 200-day moving average is GBX 1601.93. The company’s market cap is £69.033 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, August 6th will be paid a dividend of GBX 19 ($0.32) per share. This represents a dividend yield of 1.28%. The ex-dividend date is Wednesday, August 6th.
GSK has been the subject of a number of other recent research reports. Analysts at Galvan Research reiterated a “buy” rating on shares of GlaxoSmithKline plc in a research note on Friday. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of GlaxoSmithKline plc in a research note on Tuesday, July 29th. They now have a GBX 1,500 ($25.24) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of GlaxoSmithKline plc from GBX 1,740 ($29.28) to GBX 1,520 ($25.58) in a research note on Tuesday, July 29th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. GlaxoSmithKline plc presently has an average rating of “Hold” and an average price target of GBX 1,654.16 ($27.83).
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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