BNP Paribas Analysts Give GlaxoSmithKline plc (GSK) a GBX 1,620 Price Target
Several other research analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.54) price objective on shares of GlaxoSmithKline plc and gave the stock a buy rating in a research note on Wednesday, July 26th. Barclays PLC reiterated an equal weight rating and set a GBX 1,550 ($20.02) price objective on shares of GlaxoSmithKline plc in a research note on Monday, July 3rd. Jefferies Group LLC reiterated a buy rating and set a GBX 1,900 ($24.54) price objective on shares of GlaxoSmithKline plc in a research note on Thursday, July 13th. Berenberg Bank upgraded shares of GlaxoSmithKline plc from a hold rating to a buy rating and boosted their price objective for the stock from GBX 1,850 ($23.89) to GBX 1,885 ($24.34) in a research note on Friday, May 26th. Finally, Deutsche Bank AG reiterated a hold rating and set a GBX 1,720 ($22.21) price objective on shares of GlaxoSmithKline plc in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 1,714.48 ($22.14).
Shares of GlaxoSmithKline plc (LON:GSK) opened at 1494.00 on Wednesday. GlaxoSmithKline plc has a 12-month low of GBX 1,446.50 and a 12-month high of GBX 1,745.56. The stock’s 50 day moving average is GBX 1,521.96 and its 200-day moving average is GBX 1,615.99. The stock’s market cap is GBX 73.03 billion.
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The company also recently declared a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, August 10th will be issued a dividend of GBX 19 ($0.25) per share. This represents a yield of 1.23%. The ex-dividend date is Thursday, August 10th.
In other news, insider Manvinder Singh Banga purchased 2,267 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were purchased 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 Patrick Vallance purchased 861 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were purchased at an average cost of GBX 1,618 ($20.90) per share, for a total transaction of £13,930.98 ($17,991.71). Insiders have purchased 3,144 shares of company stock worth $5,043,015 over the last three months.
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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