GlaxoSmithKline plc (GSK) Receives Average Recommendation of “Hold” from Analysts

GlaxoSmithKline plc (LON:GSK) has been assigned an average rating of “Hold” from the twenty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,551.90 ($21.44).

A number of brokerages recently commented on GSK. Liberum Capital reiterated a “buy” rating and set a GBX 1,760 ($24.32) price objective on shares of GlaxoSmithKline in a research report on Wednesday, October 25th. Beaufort Securities reiterated a “buy” rating and set a GBX 1,800 ($24.87) price objective on shares of GlaxoSmithKline in a research report on Monday, October 23rd. UBS Group set a GBX 1,550 ($21.41) price objective on GlaxoSmithKline and gave the stock a “buy” rating in a research report on Thursday, February 8th. Credit Suisse Group set a GBX 1,300 ($17.96) price objective on GlaxoSmithKline and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Societe Generale reiterated a “sell” rating on shares of GlaxoSmithKline in a research report on Thursday, November 9th.

In related news, insider Patrick Vallance sold 20,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of GBX 1,310 ($18.10), for a total transaction of £262,000 ($361,978.45). Also, insider Sir Roy Anderson bought 562 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average cost of GBX 1,278 ($17.66) per share, with a total value of £7,182.36 ($9,923.13). Insiders have purchased a total of 590 shares of company stock valued at $754,966 over the last three months.

GlaxoSmithKline (LON:GSK) opened at GBX 1,288.20 ($17.80) on Wednesday. GlaxoSmithKline has a 52-week low of GBX 1,235.20 ($17.07) and a 52-week high of GBX 1,724.50 ($23.83). The company has a market cap of $64,130.00 and a P/E ratio of 4,155.48.

The company also recently disclosed a dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, February 22nd will be paid a GBX 23 ($0.32) dividend. The ex-dividend date is Thursday, February 22nd. This is a boost from GlaxoSmithKline’s previous dividend of $19.00. This represents a dividend yield of 1.78%.

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About GlaxoSmithKline

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 (LON:GSK)

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