Dominic Redfern Buys 230 Shares of GlaxoSmithKline plc (GSK) Stock
GlaxoSmithKline plc (LON:GSK) insider Dominic Redfern bought 230 shares of the stock in a transaction on Thursday, April 13th. The shares were acquired at an average cost of GBX 1,639 ($21.16) per share, with a total value of £3,769.70 ($4,866.01).
Shares of GlaxoSmithKline plc (LON:GSK) traded up 0.58% on Friday, reaching GBX 1647.50. 9,217,003 shares of the company were exchanged. The firm’s market capitalization is GBX 80.50 billion. GlaxoSmithKline plc has a 12-month low of GBX 1,363.00 and a 12-month high of GBX 1,745.56. The company’s 50 day moving average is GBX 1,618.77 and its 200 day moving average is GBX 1,586.40.
The firm also recently disclosed a dividend, which will be paid on Thursday, July 13th. Stockholders of record on Thursday, May 11th will be paid a GBX 19 ($0.25) dividend. This represents a dividend yield of 1.21%. The ex-dividend date is Thursday, May 11th.
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A number of analysts have commented on GSK shares. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,900 ($24.53) target price on shares of GlaxoSmithKline plc in a report on Wednesday, February 8th. Goldman Sachs Group Inc set a GBX 1,850 ($23.88) price target on shares of GlaxoSmithKline plc and gave the company a “buy” rating in a report on Thursday, February 9th. Jefferies Group LLC boosted their price target on shares of GlaxoSmithKline plc from GBX 1,750 ($22.59) to GBX 1,780 ($22.98) and gave the company a “buy” rating in a report on Sunday, January 22nd. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,970 ($25.43) price objective on shares of GlaxoSmithKline plc in a research report on Thursday, February 9th. Finally, Beaufort Securities reaffirmed a “buy” rating and issued a GBX 1,750 ($22.59) price objective on shares of GlaxoSmithKline plc in a research report on Friday, February 10th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,743.36 ($22.50).
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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