GlaxoSmithKline (GSK) Given New GBX 1,400 Price Target at Morgan Stanley
GlaxoSmithKline (LON:GSK) had its price target reduced by Morgan Stanley from GBX 1,450 ($19.42) to GBX 1,400 ($18.75) in a report published on Friday. They currently have an underweight rating on the stock.
A number of other equities analysts have also recently commented on GSK. Deutsche Bank dropped their price objective on shares of GlaxoSmithKline from GBX 1,720 ($23.03) to GBX 1,610 ($21.56) and set a hold rating for the company in a research note on Monday, August 7th. Goldman Sachs Group set a GBX 1,900 ($25.45) price objective on shares of GlaxoSmithKline and gave the stock a buy rating in a research note on Tuesday, August 8th. Berenberg Bank dropped their price objective on shares of GlaxoSmithKline from GBX 1,885 ($25.24) to GBX 1,835 ($24.57) and set a buy rating for the company in a research note on Wednesday, August 9th. Jefferies Group dropped their price objective on shares of GlaxoSmithKline from GBX 1,900 ($25.45) to GBX 1,750 ($23.44) and set a buy rating for the company in a research note on Thursday, August 24th. Finally, Liberum Capital reissued a buy rating and issued a GBX 1,900 ($25.45) price objective on shares of GlaxoSmithKline in a research note on Wednesday, August 30th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. GlaxoSmithKline currently has a consensus rating of Hold and an average price target of GBX 1,581.90 ($21.19).
Shares of GlaxoSmithKline (LON GSK) traded up GBX 10.50 ($0.14) during trading hours on Friday, hitting GBX 1,290 ($17.28). 12,985,549 shares of the company’s stock were exchanged, compared to its average volume of 11,220,000. GlaxoSmithKline has a 1-year low of GBX 1,291.50 ($17.30) and a 1-year high of GBX 1,724.50 ($23.09).
The business also recently disclosed a dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, November 9th will be issued a dividend of GBX 19 ($0.25) per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a yield of 1.41%.
In other GlaxoSmithKline news, insider Simon Dingemans purchased 1,076 shares of GlaxoSmithKline stock in a transaction dated Thursday, October 12th. The stock was acquired at an average price of GBX 1,527 ($20.45) per share, for a total transaction of £16,430.52 ($22,004.18). Also, insider Urs Rohner purchased 473 shares of GlaxoSmithKline stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of GBX 1,518 ($20.33) per share, with a total value of £7,180.14 ($9,615.83). Insiders have purchased a total of 1,576 shares of company stock valued at $2,400,376 in the last quarter.
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GlaxoSmithKline 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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