GlaxoSmithKline (NYSE:GSK) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Wednesday.
Several other research firms also recently issued reports on GSK. Zacks Investment Research raised shares of GlaxoSmithKline from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, October 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of GlaxoSmithKline in a research note on Wednesday, October 18th. Bank of America downgraded shares of GlaxoSmithKline from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. ValuEngine downgraded shares of GlaxoSmithKline from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of GlaxoSmithKline in a research note on Monday, January 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. GlaxoSmithKline currently has an average rating of “Hold” and a consensus price target of $38.57.
GlaxoSmithKline (GSK) traded up $0.32 during trading on Wednesday, reaching $36.49. 5,870,919 shares of the company traded hands, compared to its average volume of 4,837,072. GlaxoSmithKline has a 12-month low of $34.52 and a 12-month high of $44.53. The stock has a market cap of $89,664.49, a P/E ratio of 46.19, a price-to-earnings-growth ratio of 2.32 and a beta of 0.98. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.60 and a quick ratio of 0.44.
Hedge funds have recently made changes to their positions in the business. FinTrust Investment Advisory Services LLC acquired a new position in GlaxoSmithKline during the 3rd quarter worth $401,000. Private Advisor Group LLC grew its holdings in GlaxoSmithKline by 7.2% during the 3rd quarter. Private Advisor Group LLC now owns 77,976 shares of the pharmaceutical company’s stock worth $3,166,000 after acquiring an additional 5,212 shares in the last quarter. San Francisco Sentry Investment Group CA grew its holdings in GlaxoSmithKline by 110.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 8,749 shares of the pharmaceutical company’s stock worth $356,000 after acquiring an additional 4,589 shares in the last quarter. SG Americas Securities LLC acquired a new position in GlaxoSmithKline during the 3rd quarter worth $1,209,000. Finally, Fulton Bank N.A. grew its holdings in GlaxoSmithKline by 4.9% during the 3rd quarter. Fulton Bank N.A. now owns 75,269 shares of the pharmaceutical company’s stock worth $3,056,000 after acquiring an additional 3,515 shares in the last quarter. 9.66% of the stock is owned by institutional investors.
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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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