Citigroup Inc. Reiterates Neutral Rating for GlaxoSmithKline plc (GSK)
GlaxoSmithKline plc (LON:GSK)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued on Friday. They presently have a GBX 1,700 ($21.96) price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 13.79% from the company’s previous close.
GSK has been the subject of a number of other research reports. Berenberg Bank raised GlaxoSmithKline plc from a “hold” rating to a “buy” rating and lifted their target price for the stock from GBX 1,850 ($23.89) to GBX 1,885 ($24.34) in a report on Friday, May 26th. Liberum Capital restated a “buy” rating and issued a GBX 1,900 ($24.54) price target on shares of GlaxoSmithKline plc in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.54) price target on GlaxoSmithKline plc and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Jefferies Group LLC raised their price target on GlaxoSmithKline plc from GBX 1,800 ($23.25) to GBX 1,900 ($24.54) and gave the stock a “buy” rating in a research note on Friday, June 16th. Finally, BNP Paribas set a GBX 1,620 ($20.92) price target on GlaxoSmithKline plc and gave the stock a “neutral” rating in a research note on Wednesday. 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 stock. GlaxoSmithKline plc has an average rating of “Hold” and a consensus target price of GBX 1,714.48 ($22.14).
GlaxoSmithKline plc (LON:GSK) opened at 1494.00 on Friday. 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 market cap is GBX 73.03 billion. The stock’s 50 day moving average price is GBX 1,521.96 and its 200-day moving average price is GBX 1,615.99.
GlaxoSmithKline plc (LON:GSK) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $26.23 by $25.71. GlaxoSmithKline plc had a return on equity of 295.67% and a net margin of 16.56%. Analysts anticipate that GlaxoSmithKline plc will post $110.99 EPS for the current fiscal year.
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In other GlaxoSmithKline plc news, insider Victoria Whyte sold 4,820 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of GBX 1,693 ($21.86), for a total transaction of £81,602.60 ($105,388.87). Also, insider Patrick Vallance purchased 861 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were acquired at an average cost of GBX 1,618 ($20.90) per share, for a total transaction of £13,930.98 ($17,991.71). Over the last three months, insiders have acquired 3,144 shares of company stock worth $5,043,015.
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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