GlaxoSmithKline plc (GSK) Receives Average Rating of “Hold” from Brokerages
Shares of GlaxoSmithKline plc (LON:GSK) have earned an average recommendation of “Hold” from the twenty-six analysts that are covering the firm. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,668.38 ($20.65).
GSK has been the topic of a number of research analyst reports. Shore Capital reiterated a “hold” rating on shares of GlaxoSmithKline plc in a report on Wednesday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,700 ($21.04) price target on shares of GlaxoSmithKline plc in a report on Thursday, July 28th. Jefferies Group upgraded GlaxoSmithKline plc to a “buy” rating and lifted their price target for the company from GBX 1,650 ($20.42) to GBX 2,000 ($24.75) in a report on Thursday, July 14th. BNP Paribas reiterated a “neutral” rating and set a GBX 1,430 ($17.70) price target on shares of GlaxoSmithKline plc in a report on Sunday, July 3rd. Finally, Independent Research GmbH set a GBX 1,800 ($22.28) price target on GlaxoSmithKline plc and gave the company a “neutral” rating in a report on Thursday, August 4th.
In related news, insider Slaoui,Moncef bought 28 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was acquired at an average cost of GBX 2,208 ($27.33) per share, with a total value of £618.24 ($765.15). Also, insider Witty,Sir Andrew P sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of GBX 1,693 ($20.95), for a total value of £169,300 ($209,529.70).
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GlaxoSmithKline plc (LON:GSK) traded down 0.20% during midday trading on Tuesday, reaching GBX 1719.00. The company’s stock had a trading volume of 7,510,673 shares. The stock has a 50 day moving average of GBX 1,645.83 and a 200 day moving average of GBX 1,556.82. GlaxoSmithKline plc has a 52 week low of GBX 1,277.25 and a 52 week high of GBX 1,745.56. The firm’s market capitalization is GBX 83.56 billion.
The company also recently declared a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, August 11th will be issued a GBX 19 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 1.12%.
About GlaxoSmithKline plc
GlaxoSmithKline plc (GSK) is a healthcare company. The Company 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. The Company’s segments include Pharmaceuticals, Pharmaceuticals R&D, Vaccines and Consumer Healthcare.
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