HSBC Holdings plc restated their buy rating on shares of GlaxoSmithKline plc (LON:GSK) in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a GBX 1,970 ($25.44) price target on the stock.
GSK has been the subject of a number of other reports. Shore Capital reaffirmed a hold rating on shares of GlaxoSmithKline plc in a research report on Friday, July 28th. Liberum Capital reaffirmed a buy rating and set a GBX 1,900 ($24.54) target price on shares of GlaxoSmithKline plc in a research report on Wednesday, August 30th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of GlaxoSmithKline plc in a research report on Monday, July 24th. S&P Global set a GBX 1,500 ($19.37) target price on GlaxoSmithKline plc and gave the company a sell rating in a research report on Wednesday, July 26th. Finally, Credit Suisse Group decreased their target price on GlaxoSmithKline plc from GBX 1,775 ($22.92) to GBX 1,725 ($22.28) and set a neutral rating for the company in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 1,705.90 ($22.03).
Shares of GlaxoSmithKline plc (LON GSK) opened at 1454.00 on Wednesday. GlaxoSmithKline plc has a 52 week low of GBX 1,446.50 and a 52 week high of GBX 1,745.56. The company has a 50-day moving average price of GBX 1,507.18 and a 200 day moving average price of GBX 1,610.52. The stock’s market capitalization is GBX 71.07 billion.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, August 10th will be issued a GBX 19 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.23%.
In related news, insider Manvinder Singh Banga acquired 2,267 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average price of GBX 1,599 ($20.65) per share, with a total value of £36,249.33 ($46,815.61). Also, insider Patrick Vallance acquired 861 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was bought at an average cost of GBX 1,618 ($20.90) per share, with a total value of £13,930.98 ($17,991.71). In the last three months, insiders bought 3,152 shares of company stock valued at $5,055,023.
GlaxoSmithKline plc 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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