GlaxoSmithKline plc (GSK) Given Buy Rating at HSBC Holdings plc
HSBC Holdings plc reiterated their buy rating on shares of GlaxoSmithKline plc (LON:GSK) in a report issued on Wednesday morning. They currently have a GBX 1,970 ($25.44) price objective on the stock.
GSK has been the topic of a number of other reports. Shore Capital reissued a hold rating on shares of GlaxoSmithKline plc in a report on Friday, July 28th. Liberum Capital reissued a buy rating and issued a GBX 1,900 ($24.54) price objective on shares of GlaxoSmithKline plc in a report on Wednesday, August 30th. J P Morgan Chase & Co reissued a neutral rating on shares of GlaxoSmithKline plc in a report on Monday, July 24th. S&P Global set a GBX 1,500 ($19.37) price objective on GlaxoSmithKline plc and gave the company a sell rating in a report on Wednesday, July 26th. Finally, Credit Suisse Group cut their price objective on GlaxoSmithKline plc from GBX 1,775 ($22.92) to GBX 1,725 ($22.28) and set a neutral rating on the stock in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. GlaxoSmithKline plc has an average rating of Hold and an average price target of GBX 1,705.90 ($22.03).
GlaxoSmithKline plc (LON:GSK) traded down 0.70% on Wednesday, hitting GBX 1480.50. The stock had a trading volume of 8,162,653 shares. GlaxoSmithKline plc has a 12 month low of GBX 1,446.50 and a 12 month high of GBX 1,745.56. The company’s 50 day moving average is GBX 1,510.46 and its 200-day moving average is GBX 1,612.54. The stock’s market cap is GBX 72.37 billion.
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The firm also recently announced a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 19 ($0.25) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.23%.
In other news, insider Manvinder Singh Banga acquired 2,267 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average cost of GBX 1,599 ($20.65) per share, with a total value of £36,249.33 ($46,815.61). Also, insider Victoria Whyte sold 4,820 shares of GlaxoSmithKline plc stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of GBX 1,693 ($21.86), for a total value of £81,602.60 ($105,388.87). In the last three months, insiders have acquired 3,152 shares of company stock valued at $5,055,023.
About GlaxoSmithKline plc
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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