GlaxoSmithKline plc (GSK) Earns “Buy” Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of GlaxoSmithKline plc (LON:GSK) in a research report sent to investors on Wednesday. The firm currently has a GBX 1,760 ($23.23) price target on the stock.

Other equities analysts also recently issued reports about the stock. Bryan, Garnier & Co restated a buy rating and issued a GBX 1,750 ($23.09) target price on shares of GlaxoSmithKline plc in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 1,900 ($25.07) target price on shares of GlaxoSmithKline plc in a research note on Thursday, July 20th. Jefferies Group LLC restated a buy rating and issued a GBX 1,900 ($25.07) target price on shares of GlaxoSmithKline plc in a research note on Thursday, July 13th. Berenberg Bank restated a buy rating and issued a GBX 1,885 ($24.87) target price on shares of GlaxoSmithKline plc in a research note on Wednesday, July 26th. Finally, Investec restated a buy rating and issued a GBX 1,800 ($23.75) target price on shares of GlaxoSmithKline plc in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. GlaxoSmithKline plc has an average rating of Hold and a consensus price target of GBX 1,652.50 ($21.81).

Shares of GlaxoSmithKline plc (GSK) opened at 1366.50 on Wednesday. The stock’s 50 day moving average is GBX 1,491.51 and its 200-day moving average is GBX 1,573.23. The stock’s market capitalization is GBX 66.79 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 issued its earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.43) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 31.80 ($0.42) by GBX 0.70 ($0.01). The business had revenue of GBX 784.30 billion for the quarter. GlaxoSmithKline plc had a negative net margin of 1.17% and a negative return on equity of 57.19%. On average, analysts expect that GlaxoSmithKline plc will post $110.75 earnings per share for the current year.

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In related news, insider Simon Dingemans purchased 1,076 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was acquired at an average price of GBX 1,527 ($20.15) per share, with a total value of £16,430.52 ($21,681.87). Also, insider Urs Rohner purchased 473 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average cost of GBX 1,518 ($20.03) per share, with a total value of £7,180.14 ($9,474.98). Insiders have purchased 1,574 shares of company stock valued at $2,398,888 in the last three months.

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.

Analyst Recommendations for GlaxoSmithKline plc (LON:GSK)

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