Insider Buying: GlaxoSmithKline plc (GSK) Insider Purchases 9 Shares of Stock
GlaxoSmithKline plc (LON:GSK) insider Victoria Whyte purchased 9 shares of the stock in a transaction on Tuesday, October 10th. The stock was acquired at an average cost of GBX 1,518 ($19.96) per share, for a total transaction of £136.62 ($179.62).
Shares of GlaxoSmithKline plc (GSK) traded up 0.03% during mid-day trading on Wednesday, hitting GBX 1516.00. The stock had a trading volume of 2,084,248 shares. The firm’s market capitalization is GBX 74.10 billion. The stock’s 50-day moving average is GBX 1,499.71 and its 200-day moving average is GBX 1,587.03. GlaxoSmithKline plc has a 1-year low of GBX 1,444.00 and a 1-year high of GBX 1,724.50.
The business also recently disclosed a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, August 10th will be paid 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.
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Several equities research analysts have issued reports on GSK shares. Liberum Capital reissued a “buy” rating and issued a GBX 1,900 ($24.98) price target on shares of GlaxoSmithKline plc in a report on Wednesday, June 14th. Jefferies Group LLC boosted their price target on shares of GlaxoSmithKline plc from GBX 1,800 ($23.67) to GBX 1,900 ($24.98) and gave the company a “buy” rating in a report on Friday, June 16th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,720 ($22.61) price target on shares of GlaxoSmithKline plc in a report on Friday, June 30th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 1,750 ($23.01) price target on shares of GlaxoSmithKline plc in a report on Friday, June 30th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 1,550 ($20.38) price target on shares of GlaxoSmithKline plc in a report on Monday, July 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. GlaxoSmithKline plc has an average rating of “Hold” and a consensus price target of GBX 1,689.48 ($22.21).
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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