GlaxoSmithKline plc (GSK) PT Set at GBX 1,610 by Deutsche Bank AG
GlaxoSmithKline plc (LON:GSK) has been given a GBX 1,610 ($21.17) price objective by analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the stock. Deutsche Bank AG’s price target indicates a potential upside of 6.13% from the stock’s current price.
Other analysts have also issued reports about the company. Liberum Capital reiterated a “buy” rating and set a GBX 1,900 ($24.98) price objective on shares of GlaxoSmithKline plc in a research note on Wednesday, June 14th. UBS AG set a GBX 1,600 ($21.04) price objective on GlaxoSmithKline plc and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Bryan, Garnier & Co reiterated a “neutral” rating and set a GBX 1,710 ($22.48) price objective on shares of GlaxoSmithKline plc in a research note on Tuesday, September 19th. Credit Suisse Group reiterated a “neutral” rating on shares of GlaxoSmithKline plc in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 1,900 ($24.98) price objective on shares of GlaxoSmithKline plc in a research note on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,689.48 ($22.21).
GlaxoSmithKline plc (LON:GSK) opened at 1517.00 on Thursday. The firm’s market capitalization is GBX 74.15 billion. The firm has a 50-day moving average price of GBX 1,500.18 and a 200-day moving average price of GBX 1,586.54. GlaxoSmithKline plc has a one year low of GBX 1,444.00 and a one year high of GBX 1,724.50.
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In related news, insider Patrick Vallance bought 861 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was bought at an average cost of GBX 1,618 ($21.27) per share, for a total transaction of £13,930.98 ($18,315.78). Also, insider Manvinder Singh Banga bought 2,267 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were bought at an average price of GBX 1,599 ($21.02) per share, with a total value of £36,249.33 ($47,658.86). Insiders bought a total of 3,153 shares of company stock valued at $5,055,853 over the last quarter.
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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