GlaxoSmithKline plc (GSK) PT Set at GBX 1,550 by UBS AG
GlaxoSmithKline plc (LON:GSK) has been assigned a GBX 1,550 ($20.38) price objective by UBS AG in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the stock. UBS AG’s target price would indicate a potential upside of 2.18% from the stock’s previous close.
A number of other research firms also recently issued reports on GSK. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.98) price target on GlaxoSmithKline plc and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and set a GBX 1,900 ($24.98) price target on shares of GlaxoSmithKline plc in a research note on Thursday, July 13th. Bryan, Garnier & Co restated a “neutral” rating and set a GBX 1,710 ($22.48) price target on shares of GlaxoSmithKline plc in a research note on Tuesday, September 19th. Deutsche Bank AG set a GBX 1,610 ($21.17) price target on GlaxoSmithKline plc and gave the stock a “neutral” rating in a research note on Thursday, September 21st. Finally, J P Morgan Chase & Co dropped their price target on GlaxoSmithKline plc from GBX 1,750 ($23.01) to GBX 1,570 ($20.64) and set a “neutral” rating on the stock in a research note on Wednesday, September 13th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. GlaxoSmithKline plc currently has an average rating of “Hold” and a consensus price target of GBX 1,689.48 ($22.21).
Shares of GlaxoSmithKline plc (LON:GSK) opened at 1517.00 on Tuesday. The company’s 50 day moving average price is GBX 1,500.18 and its 200-day moving average price is GBX 1,586.54. GlaxoSmithKline plc has a 12-month low of GBX 1,444.00 and a 12-month high of GBX 1,724.50. The firm’s market cap is GBX 74.15 billion.
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In other news, insider Patrick Vallance acquired 861 shares of GlaxoSmithKline plc stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average cost of GBX 1,618 ($21.27) per share, with a total value of £13,930.98 ($18,315.78). Also, insider Manvinder Singh Banga acquired 2,267 shares of GlaxoSmithKline plc stock in a transaction that occurred on Wednesday, July 26th. The shares were purchased at an average cost of GBX 1,599 ($21.02) per share, with a total value of £36,249.33 ($47,658.86). Over the last ninety days, insiders have purchased 3,153 shares of company stock valued at $5,055,853.
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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