GSK’s (GSK) Buy Rating Reiterated at Shore Capital Group

Shore Capital Group restated their buy rating on shares of GSK (LON:GSKFree Report) in a research report report published on Wednesday morning, Marketbeat.com reports. The firm currently has a GBX 2,300 target price on the stock.

GSK has been the topic of a number of other reports. Berenberg Bank increased their price target on shares of GSK from GBX 1,600 to GBX 1,660 and gave the stock a “hold” rating in a report on Monday, November 24th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of GSK in a research report on Wednesday, January 7th. Citigroup reissued a “buy” rating and set a GBX 1,900 target price on shares of GSK in a research note on Tuesday, January 27th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of GSK in a research report on Wednesday, January 7th. Finally, UBS Group restated a “neutral” rating and issued a GBX 1,940 price target on shares of GSK in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,867.86.

Read Our Latest Report on GSK

GSK Stock Up 4.8%

GSK stock opened at GBX 2,180 on Wednesday. The business’s 50-day moving average price is GBX 1,846.14 and its 200 day moving average price is GBX 1,666.64. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 114.64. The firm has a market cap of £87.96 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.31. GSK has a 52 week low of GBX 1,242.50 and a 52 week high of GBX 2,066.

GSK (LON:GSKGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported GBX 172 EPS for the quarter. GSK had a return on equity of 18.08% and a net margin of 8.02%. As a group, sell-side analysts anticipate that GSK will post 175.980975 earnings per share for the current year.

Insider Activity

In related news, insider Jonathan Symonds purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average cost of GBX 2,114 per share, with a total value of £52,850. Also, insider Wendy Becker acquired 441 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was purchased at an average price of GBX 1,809 per share, for a total transaction of £7,977.69. In the last 90 days, insiders have purchased 4,591 shares of company stock valued at $9,069,269. Insiders own 0.20% of the company’s stock.

GSK News Roundup

Here are the key news stories impacting GSK this week:

About GSK

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GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, and specialty and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through two segments, Commercial Operations and Total R&D. The company offers shingles, meningitis, respiratory syncytial virus, flu, polio, influenza, and pandemic vaccines. It also provides medicines for HIV, oncology, respiratory/immunology, and other specialty medicine products, as well as inhaled medicines for asthma and chronic obstructive pulmonary disease, and antibiotics for infections.

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Analyst Recommendations for GSK (LON:GSK)

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