GlaxoSmithKline plc (GSK) Rating Reiterated by Beaufort Securities
GlaxoSmithKline plc (LON:GSK)‘s stock had its “buy” rating reissued by Beaufort Securities in a note issued to investors on Monday. They presently have a GBX 1,800 ($23.75) price objective on the stock. Beaufort Securities’ price objective points to a potential upside of 18.46% from the company’s current price.
Several other equities analysts have also recently issued reports on GSK. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($25.07) price objective on shares of GlaxoSmithKline plc and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Deutsche Bank AG set a GBX 1,610 ($21.25) price objective on shares of GlaxoSmithKline plc and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Shore Capital reaffirmed a “hold” rating on shares of GlaxoSmithKline plc in a research note on Monday. Morgan Stanley set a GBX 1,600 ($21.11) price objective on shares of GlaxoSmithKline plc and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of GlaxoSmithKline plc in a research note on Monday. 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 stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,676 ($22.12).
Shares of GlaxoSmithKline plc (GSK) traded down 0.26% during mid-day trading on Monday, hitting GBX 1519.50. 5,637,556 shares of the company’s stock traded hands. The stock has a 50 day moving average price of GBX 1,500.92 and a 200-day moving average price of GBX 1,578.36. The stock’s market cap is GBX 74.27 billion. GlaxoSmithKline plc has a 1-year low of GBX 1,444.00 and a 1-year high of GBX 1,724.50.
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In other GlaxoSmithKline plc news, insider Manvinder Singh Banga bought 2,267 shares of GlaxoSmithKline plc stock in a transaction on Wednesday, July 26th. The stock was purchased at an average cost of GBX 1,599 ($21.10) per share, for a total transaction of £36,249.33 ($47,834.96). Also, insider Simon Dingemans bought 1,076 shares of GlaxoSmithKline plc stock in a transaction on Thursday, October 12th. The stock was acquired at an average price of GBX 1,527 ($20.15) per share, with a total value of £16,430.52 ($21,681.87). Over the last 90 days, insiders have purchased 3,368 shares of company stock valued at $5,305,807.
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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