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

GlaxoSmithKline plc (LON:GSK) has been given a consensus rating of “Hold” by the twenty-three ratings firms that are presently covering the firm, reports. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 1,551.90 ($21.44).

A number of equities research analysts have commented on GSK shares. Deutsche Bank raised their price objective on GlaxoSmithKline from GBX 1,380 ($19.07) to GBX 1,440 ($19.89) and gave the stock a “hold” rating in a research report on Thursday, January 11th. set a GBX 1,925 ($26.60) price objective on GlaxoSmithKline and gave the stock a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley decreased their price objective on GlaxoSmithKline from GBX 1,450 ($20.03) to GBX 1,400 ($19.34) and set an “underweight” rating for the company in a research report on Friday, December 1st. Beaufort Securities upgraded GlaxoSmithKline to a “buy” rating and raised their price objective for the stock from GBX 1,450 ($20.03) to GBX 1,500 ($20.72) in a research report on Thursday, February 8th. Finally, Berenberg Bank reduced their price target on GlaxoSmithKline from GBX 1,835 ($25.35) to GBX 1,760 ($24.32) and set a “buy” rating for the company in a report on Thursday, November 2nd.

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

Shares of GlaxoSmithKline (LON:GSK) traded down GBX 10 ($0.14) during midday trading on Wednesday, reaching GBX 1,308.60 ($18.08). The company’s stock had a trading volume of 4,288,902 shares, compared to its average volume of 9,590,000. GlaxoSmithKline has a 12-month low of GBX 1,235.20 ($17.07) and a 12-month high of GBX 1,724.50 ($23.83). The firm has a market cap of $64,880.00 and a price-to-earnings ratio of 4,221.29.

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

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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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