GlaxoSmithKline plc (GSK) PT Set at GBX 1,600 by Morgan Stanley
GlaxoSmithKline plc (LON:GSK) received a GBX 1,600 ($20.66) price target from stock analysts at Morgan Stanley in a research report issued on Friday. The brokerage presently has a “sell” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 7.10% from the stock’s current price.
A number of other brokerages have also recently commented on GSK. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,750 ($22.60) price target on shares of GlaxoSmithKline plc in a research note on Saturday, May 20th. S&P Global set a GBX 1,500 ($19.37) price target on GlaxoSmithKline plc and gave the company a “sell” rating in a research note on Tuesday, June 6th. UBS AG set a GBX 1,600 ($20.66) price target on GlaxoSmithKline plc and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Deutsche Bank AG increased their price objective on GlaxoSmithKline plc from GBX 1,700 ($21.96) to GBX 1,720 ($22.21) and gave the company a “hold” rating in a report on Friday, May 12th. Finally, Shore Capital restated a “hold” rating on shares of GlaxoSmithKline plc in a report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. GlaxoSmithKline plc presently has an average rating of “Hold” and a consensus price target of GBX 1,714.48 ($22.14).
GlaxoSmithKline plc (LON GSK) traded down 1.09% during midday trading on Friday, hitting GBX 1494.00. The stock had a trading volume of 5,910,086 shares. The stock’s market cap is GBX 73.03 billion. GlaxoSmithKline plc has a 1-year low of GBX 1,446.50 and a 1-year high of GBX 1,745.56. The company has a 50-day moving average of GBX 1,521.96 and a 200-day moving average of GBX 1,615.99.
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In other GlaxoSmithKline plc news, insider Manvinder Singh Banga acquired 2,267 shares of GlaxoSmithKline plc stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average cost of GBX 1,599 ($20.65) per share, for a total transaction of £36,249.33 ($46,815.61). Also, insider Patrick Vallance acquired 861 shares of GlaxoSmithKline plc stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average price of GBX 1,618 ($20.90) per share, with a total value of £13,930.98 ($17,991.71). Insiders purchased a total of 3,144 shares of company stock valued at $5,043,015 over the last quarter.
GlaxoSmithKline plc Company Profile
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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