GlaxoSmithKline plc (GSK) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of GlaxoSmithKline plc (LON:GSK) have been assigned an average rating of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,590.53 ($21.30).
Several research firms have weighed in on GSK. Societe Generale restated a “sell” rating on shares of GlaxoSmithKline in a report on Thursday, November 9th. Berenberg Bank cut their price target on GlaxoSmithKline from GBX 1,835 ($24.57) to GBX 1,760 ($23.57) and set a “buy” rating for the company in a report on Thursday, November 2nd. Morgan Stanley set a GBX 1,450 ($19.42) price objective on GlaxoSmithKline and gave the company a “sell” rating in a research note on Monday, November 6th. Deutsche Bank set a GBX 1,610 ($21.56) price target on GlaxoSmithKline and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 1,450 ($19.42) target price on shares of GlaxoSmithKline in a research report on Friday, October 27th.
In other news, insider Urs Rohner purchased 473 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were bought at an average cost of GBX 1,518 ($20.33) per share, for a total transaction of £7,180.14 ($9,615.83). Also, insider Simon Dingemans purchased 1,076 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were purchased at an average price of GBX 1,527 ($20.45) per share, for a total transaction of £16,430.52 ($22,004.18). Over the last quarter, insiders have acquired 1,576 shares of company stock valued at $2,400,376.
GlaxoSmithKline (LON:GSK) last posted its quarterly earnings data on Wednesday, October 25th. The company reported GBX 32.50 ($0.44) EPS for the quarter, topping the consensus estimate of GBX 31.80 ($0.43) by GBX 0.70 ($0.01). GlaxoSmithKline had a return on equity of 461.88% and a net margin of 17.79%. The firm had revenue of GBX 784.30 billion for the quarter.
The company also recently disclosed a dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, November 9th will be paid a dividend of GBX 19 ($0.25) per share. The ex-dividend date is Thursday, November 9th. This represents a yield of 1.41%.
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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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