GlaxoSmithKline (NYSE:GSK)‘s stock had its “buy” rating restated by equities research analysts at UBS Group in a research note issued to investors on Monday, www.boersen-zeitung.de reports.

GSK has been the subject of several other reports. Cowen set a $38.00 target price on shares of GlaxoSmithKline and gave the company a “hold” rating in a research note on Monday, December 11th. ValuEngine cut shares of GlaxoSmithKline from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of GlaxoSmithKline from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Argus decreased their target price on shares of GlaxoSmithKline to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 30th. Finally, Bank of America cut shares of GlaxoSmithKline from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.57.

GlaxoSmithKline (GSK) traded up $0.66 on Monday, hitting $37.50. 4,999,657 shares of the company traded hands, compared to its average volume of 5,400,000. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.44 and a current ratio of 0.64. GlaxoSmithKline has a 1 year low of $34.52 and a 1 year high of $44.53. The firm has a market cap of $92,080.00, a PE ratio of 28.85, a P/E/G ratio of 2.15 and a beta of 0.97.

GlaxoSmithKline (NYSE:GSK) last posted its earnings results on Wednesday, October 25th. The pharmaceutical company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. GlaxoSmithKline had a net margin of 7.79% and a return on equity of 115.30%. analysts forecast that GlaxoSmithKline will post 2.9 earnings per share for the current fiscal year.

In related news, major shareholder Plc Glaxosmithkline purchased 428,571 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $14.00 per share, with a total value of $5,999,994.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 10.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in GSK. Principal Financial Group Inc. purchased a new stake in shares of GlaxoSmithKline during the second quarter worth $602,000. King Luther Capital Management Corp grew its holdings in shares of GlaxoSmithKline by 1.0% during the second quarter. King Luther Capital Management Corp now owns 5,432 shares of the pharmaceutical company’s stock worth $234,000 after buying an additional 55 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of GlaxoSmithKline by 0.9% during the second quarter. Bahl & Gaynor Inc. now owns 17,481 shares of the pharmaceutical company’s stock worth $673,000 after buying an additional 150 shares in the last quarter. Stevens Capital Management LP grew its holdings in shares of GlaxoSmithKline by 17.1% during the second quarter. Stevens Capital Management LP now owns 40,674 shares of the pharmaceutical company’s stock worth $1,754,000 after buying an additional 5,933 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of GlaxoSmithKline by 0.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,133,608 shares of the pharmaceutical company’s stock worth $48,881,000 after buying an additional 3,698 shares in the last quarter. 9.80% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for GlaxoSmithKline (NYSE:GSK)

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