GlaxoSmithKline plc (GSK) Earns Buy Rating from Berenberg Bank
Berenberg Bank reaffirmed their buy rating on shares of GlaxoSmithKline plc (LON:GSK) in a report published on Tuesday morning. The firm currently has a GBX 1,835 ($24.74) price objective on the stock.
Several other research analysts have also issued reports on GSK. UBS AG set a GBX 1,600 ($21.57) price target on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research report on Monday, May 29th. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($25.62) price target on shares of GlaxoSmithKline plc and gave the stock a buy rating in a research report on Tuesday, August 8th. Shore Capital restated a hold rating on shares of GlaxoSmithKline plc in a research report on Thursday, September 14th. HSBC Holdings plc restated a buy rating and issued a GBX 1,970 ($26.56) price target on shares of GlaxoSmithKline plc in a research report on Wednesday, September 13th. Finally, Deutsche Bank AG set a GBX 1,610 ($21.71) price target on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 1,698.52 ($22.90).
Shares of GlaxoSmithKline plc (LON GSK) opened at 1472.50 on Tuesday. The firm’s market cap is GBX 71.98 billion. The company has a 50 day moving average price of GBX 1,503.38 and a 200-day moving average price of GBX 1,606.97. GlaxoSmithKline plc has a 12-month low of GBX 1,444.00 and a 12-month high of GBX 1,745.56.
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The business 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 ($0.26) per share. This represents a dividend yield of 1.23%. The ex-dividend date is Thursday, August 10th.
In other news, insider Patrick Vallance bought 861 shares of the stock in a transaction on Friday, July 14th. The stock was purchased at an average price of GBX 1,618 ($21.81) per share, with a total value of £13,930.98 ($18,782.50). Also, insider Manvinder Singh Banga bought 2,267 shares of the stock in a transaction on Wednesday, July 26th. The stock was purchased at an average cost of GBX 1,599 ($21.56) per share, with a total value of £36,249.33 ($48,873.30). Insiders purchased 3,152 shares of company stock worth $5,055,023 over the last 90 days.
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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