GlaxoSmithKline plc (GSK) Receives Average Rating of “Hold” from Analysts
Shares of GlaxoSmithKline plc (LON:GSK) have received a consensus rating of “Hold” from the twenty-two research firms that are presently covering the stock, MarketBeat Ratings reports. 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 company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,703.70 ($22.00).
Several brokerages have weighed in on GSK. UBS AG set a GBX 1,600 ($20.66) price target on GlaxoSmithKline plc and gave the stock a “neutral” rating in a report on Monday, May 29th. Bryan, Garnier & Co reissued a “buy” rating and issued a GBX 1,750 ($22.60) price target on shares of GlaxoSmithKline plc in a report on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 1,900 ($24.54) price target on shares of GlaxoSmithKline plc in a report on Wednesday, May 31st. Liberum Capital reissued a “buy” rating and issued a GBX 1,900 ($24.54) price target on shares of GlaxoSmithKline plc in a report on Wednesday, June 14th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,720 ($22.21) price target on shares of GlaxoSmithKline plc in a report on Friday, June 30th.
In other news, insider Manvinder Singh Banga purchased 2,267 shares of the stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average cost of GBX 1,599 ($20.65) per share, with a total value of £36,249.33 ($46,815.61). Also, insider Victoria Whyte sold 4,820 shares of GlaxoSmithKline plc stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of GBX 1,693 ($21.86), for a total value of £81,602.60 ($105,388.87). Insiders bought 3,152 shares of company stock worth $5,055,023 over the last ninety days.
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GlaxoSmithKline plc (GSK) opened at 1454.00 on Friday. GlaxoSmithKline plc has a 12 month low of GBX 1,446.50 and a 12 month high of GBX 1,745.56. The stock’s market cap is GBX 71.07 billion. The firm has a 50-day moving average price of GBX 1,507.18 and a 200-day moving average price of GBX 1,610.52.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, August 10th will be given a GBX 19 ($0.25) dividend. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, August 10th.
About GlaxoSmithKline plc
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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