GlaxoSmithKline plc (LON:GSK) received a GBX 1,600 ($21.11) price target from stock analysts at Morgan Stanley in a research note issued to investors on Wednesday, October 18th. The firm currently has a “sell” rating on the stock. Morgan Stanley’s target price points to a potential upside of 15.94% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,720 ($22.70) price target on shares of GlaxoSmithKline plc in a research report on Friday, June 30th. UBS AG set a GBX 1,600 ($21.11) price target 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 issued a GBX 1,710 ($22.57) price target 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, Citigroup Inc. lowered GlaxoSmithKline plc from a “buy” rating to a “neutral” rating and set a GBX 1,700 ($22.43) target price for the company. in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,657.14 ($21.87).
GlaxoSmithKline plc (LON GSK) traded down 0.69% during midday trading on Wednesday, hitting GBX 1370.50. 13,274,205 shares of the company traded hands. The stock has a 50 day moving average of GBX 1,495.28 and a 200 day moving average of GBX 1,574.67. The stock’s market cap is GBX 66.99 billion. GlaxoSmithKline plc has a 12-month low of GBX 1,351.00 and a 12-month high of GBX 1,724.50.
GlaxoSmithKline plc (LON:GSK) last announced its earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 31.80 ($0.42) by GBX 0.70 ($0.01). The company had revenue of GBX 784.30 billion for the quarter. GlaxoSmithKline plc had a negative return on equity of 57.19% and a negative net margin of 1.17%. Equities research analysts predict that GlaxoSmithKline plc will post $110.73 EPS for the current fiscal year.
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In other GlaxoSmithKline plc news, insider Urs Rohner bought 473 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average price of GBX 1,518 ($20.03) per share, for a total transaction of £7,180.14 ($9,474.98). Also, insider Simon Dingemans bought 1,076 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was acquired at an average price of GBX 1,527 ($20.15) per share, for a total transaction of £16,430.52 ($21,681.87). Insiders bought a total of 1,574 shares of company stock worth $2,398,888 in the last 90 days.
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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