GlaxoSmithKline (NYSE:GSK)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a report released on Monday.
Several other equities research analysts have also commented on GSK. Zacks Investment Research lowered GlaxoSmithKline from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. ValuEngine lowered GlaxoSmithKline from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. UBS Group restated a “buy” rating on shares of GlaxoSmithKline in a research report on Monday, January 15th. Barclays upgraded GlaxoSmithKline from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 16th. Finally, Investec lowered GlaxoSmithKline from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.57.
Shares of GlaxoSmithKline (NYSE:GSK) opened at $38.51 on Monday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.64 and a quick ratio of 0.44. GlaxoSmithKline has a 52-week low of $34.52 and a 52-week high of $44.53. The company has a market capitalization of $96,779.15, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 2.42 and a beta of 0.98.
Several hedge funds have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI raised its stake in shares of GlaxoSmithKline by 687.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 168,346 shares of the pharmaceutical company’s stock worth $5,971,000 after buying an additional 146,960 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of GlaxoSmithKline by 15.1% during the 4th quarter. Moloney Securities Asset Management LLC now owns 30,960 shares of the pharmaceutical company’s stock worth $1,098,000 after buying an additional 4,051 shares during the period. Hoertkorn Richard Charles raised its stake in GlaxoSmithKline by 4.5% in the 4th quarter. Hoertkorn Richard Charles now owns 48,075 shares of the pharmaceutical company’s stock valued at $1,705,000 after purchasing an additional 2,050 shares during the last quarter. Founders Financial Securities LLC acquired a new position in GlaxoSmithKline in the 4th quarter valued at $645,000. Finally, Kahn Brothers Group Inc. DE raised its stake in GlaxoSmithKline by 11.6% in the 4th quarter. Kahn Brothers Group Inc. DE now owns 1,139,163 shares of the pharmaceutical company’s stock valued at $40,406,000 after purchasing an additional 118,028 shares during the last quarter. 9.70% 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.
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