GlaxoSmithKline plc (LON:GSK)‘s stock had its “buy” rating reiterated by analysts at HSBC Holdings PLC in a report released on Wednesday. They currently have a GBX 1,925 ($25.32) price target on the stock. HSBC Holdings PLC’s price objective would indicate a potential upside of 47.45% from the company’s previous close.

Several other analysts also recently commented on the stock. Societe Generale reaffirmed a “sell” rating on shares of GlaxoSmithKline plc in a research report on Thursday, November 9th. Berenberg Bank reduced their price objective on shares of GlaxoSmithKline plc from GBX 1,835 ($24.14) to GBX 1,760 ($23.15) and set a “buy” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley set a GBX 1,450 ($19.07) price objective on shares of GlaxoSmithKline plc and gave the stock a “sell” rating in a research report on Monday, November 6th. Deutsche Bank AG set a GBX 1,610 ($21.18) price objective on shares of GlaxoSmithKline plc and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,450 ($19.07) price objective on shares of GlaxoSmithKline plc in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned 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 a consensus price target of GBX 1,586.67 ($20.87).

Shares of GlaxoSmithKline plc (LON:GSK) traded up GBX 3 ($0.04) during mid-day trading on Wednesday, hitting GBX 1,305.50 ($17.17). 7,313,436 shares of the stock traded hands, compared to its average volume of 10,320,000. GlaxoSmithKline plc has a one year low of GBX 1,294 ($17.02) and a one year high of GBX 1,724.50 ($22.68).

GlaxoSmithKline plc (LON:GSK) last announced its quarterly earnings data on Wednesday, October 25th. The company reported GBX 32.50 ($0.43) EPS for the quarter, topping the consensus estimate of GBX 31.80 ($0.42) by GBX 0.70 ($0.01). The company had revenue of GBX 784.30 billion during the quarter. GlaxoSmithKline plc had a net margin of 17.79% and a return on equity of 461.88%.

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In related news, insider Simon Dingemans acquired 1,076 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were acquired at an average cost of GBX 1,527 ($20.08) per share, for a total transaction of £16,430.52 ($21,610.57). Also, insider Urs Rohner acquired 473 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were bought at an average price of GBX 1,518 ($19.97) per share, for a total transaction of £7,180.14 ($9,443.82). Over the last quarter, insiders purchased 1,576 shares of company stock worth $2,400,376.

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.

Analyst Recommendations for GlaxoSmithKline plc (LON:GSK)

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