GlaxoSmithKline plc (GSK) Given a GBX 1,600 Price Target at UBS AG
GlaxoSmithKline plc (LON:GSK) has been given a GBX 1,600 ($21.26) price objective by research analysts at UBS AG in a research report issued to clients and investors on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock. UBS AG’s price objective would indicate a potential upside of 5.02% from the stock’s previous close.
A number of other analysts also recently weighed in on GSK. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,720 ($22.85) price target on shares of GlaxoSmithKline plc in a report on Friday, June 30th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,750 ($23.25) price target on shares of GlaxoSmithKline plc in a report on Friday, June 30th. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,550 ($20.60) price target on shares of GlaxoSmithKline plc in a report on Monday, July 3rd. Citigroup Inc. downgraded GlaxoSmithKline plc from a “buy” rating to a “neutral” rating and set a GBX 1,700 ($22.59) price target for the company. in a report on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a GBX 1,900 ($25.25) price target on shares of GlaxoSmithKline plc in a report on Thursday, July 13th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. GlaxoSmithKline plc currently has an average rating of “Hold” and an average target price of GBX 1,676 ($22.27).
GlaxoSmithKline plc (GSK) traded down 0.241% on Monday, reaching GBX 1519.835. The company’s stock had a trading volume of 3,214,272 shares. GlaxoSmithKline plc has a 52-week low of GBX 1,444.00 and a 52-week high of GBX 1,724.50. The firm’s 50-day moving average price is GBX 1,502.15 and its 200-day moving average price is GBX 1,580.48. The stock’s market cap is GBX 74.29 billion.
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In related news, insider Manvinder Singh Banga purchased 2,267 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was acquired at an average price of GBX 1,599 ($21.25) per share, for a total transaction of £36,249.33 ($48,165.47). Also, insider Simon Dingemans purchased 1,076 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were bought at an average price of GBX 1,527 ($20.29) per share, with a total value of £16,430.52 ($21,831.68). Insiders have acquired a total of 3,368 shares of company stock valued at $5,305,807 in 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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