GlaxoSmithKline plc (GSK) Insider Buys £117.18 in Stock

GlaxoSmithKline plc (LON:GSK) insider Dominic Redfern acquired 9 shares of GlaxoSmithKline stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of GBX 1,302 ($17.52) per share, for a total transaction of £117.18 ($157.71).

GlaxoSmithKline plc (LON:GSK) traded up GBX 11.50 ($0.15) during midday trading on Tuesday, reaching GBX 1,314.50 ($17.69). The company had a trading volume of 9,229,734 shares, compared to its average volume of 10,220,000. GlaxoSmithKline plc has a fifty-two week low of GBX 1,270 ($17.09) and a fifty-two week high of GBX 1,724.50 ($23.21).

GlaxoSmithKline (LON:GSK) last released its quarterly earnings data on Wednesday, October 25th. The company reported GBX 32.50 ($0.44) EPS for the quarter, beating analysts’ consensus estimates of GBX 31.80 ($0.43) by GBX 0.70 ($0.01). The business had revenue of GBX 784.30 billion during the quarter. GlaxoSmithKline had a return on equity of 461.88% and a net margin of 17.79%.

The business also recently disclosed a dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, November 9th will be issued a GBX 19 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a yield of 1.41%.

A number of research firms have commented on GSK. Shore Capital reissued a “hold” rating on shares of GlaxoSmithKline in a research note on Monday, October 23rd. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 1,570 ($21.13) target price on shares of GlaxoSmithKline in a research report on Monday, October 23rd. Beaufort Securities restated a “buy” rating and set a GBX 1,800 ($24.23) target price on shares of GlaxoSmithKline in a research report on Monday, October 23rd. UBS set a GBX 1,600 ($21.53) target price on GlaxoSmithKline and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Finally, Liberum Capital dropped their target price on GlaxoSmithKline from GBX 1,900 ($25.57) to GBX 1,760 ($23.69) and set a “buy” rating for the company in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. GlaxoSmithKline has an average rating of “Hold” and an average target price of GBX 1,577.14 ($21.23).

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GlaxoSmithKline 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.

Insider Buying and Selling by Quarter for GlaxoSmithKline (LON:GSK)

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