GlaxoSmithKline plc (GSK) Receives “Neutral” Rating from Credit Suisse Group
Credit Suisse Group reiterated their neutral rating on shares of GlaxoSmithKline plc (LON:GSK) in a report published on Thursday, July 27th. They currently have a GBX 1,775 ($23.11) target price on the stock.
Several other equities research analysts have also commented on GSK. UBS AG set a GBX 1,600 ($20.84) price objective on shares of GlaxoSmithKline plc and gave the company a neutral rating in a research note on Thursday, April 27th. Liberum Capital restated a buy rating and set a GBX 1,900 ($24.74) price target on shares of GlaxoSmithKline plc in a research note on Thursday, July 27th. Citigroup Inc. restated a neutral rating and set a GBX 1,700 ($22.14) price target on shares of GlaxoSmithKline plc in a research note on Tuesday, July 25th. Shore Capital restated a hold rating on shares of GlaxoSmithKline plc in a research note on Thursday, March 30th. Finally, Kepler Capital Markets restated a reduce rating and set a GBX 1,520 ($19.79) price target on shares of GlaxoSmithKline plc in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 1,726.38 ($22.48).
GlaxoSmithKline plc (GSK) opened at 1528.50 on Thursday. The firm’s market capitalization is GBX 74.71 billion. The company’s 50-day moving average price is GBX 1,611.14 and its 200 day moving average price is GBX 1,625.37. GlaxoSmithKline plc has a 52-week low of GBX 1,446.50 and a 52-week high of GBX 1,745.56.
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The firm also recently disclosed a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, August 10th will be paid a dividend of GBX 19 ($0.25) per share. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, August 10th.
In other news, insider Manvinder Singh Banga bought 2,267 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average price of GBX 1,599 ($20.82) per share, for a total transaction of £36,249.33 ($47,205.80). Also, insider Victoria Whyte sold 4,820 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of GBX 1,693 ($22.05), for a total transaction of £81,602.60 ($106,267.22). Insiders have purchased 3,150 shares of company stock worth $5,054,075 in the last three months.
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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