GlaxoSmithKline plc (GSK) Given a GBX 1,500 Price Target at S&P Global

GlaxoSmithKline plc (LON:GSK) received a GBX 1,500 ($19.73) price target from S&P Global in a research note issued to investors on Thursday, October 26th. The firm currently has a “neutral” rating on the stock. S&P Global’s target price indicates a potential upside of 13.81% from the company’s current price.

A number of other research analysts also recently issued reports on GSK. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.99) price objective on GlaxoSmithKline plc and gave the company a “buy” rating in a research note on Tuesday, August 8th. Deutsche Bank AG set a GBX 1,610 ($21.18) price target on GlaxoSmithKline plc and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of GlaxoSmithKline plc in a research note on Thursday, September 21st. Shore Capital restated a “hold” rating on shares of GlaxoSmithKline plc in a research note on Wednesday, September 20th. Finally, Berenberg Bank cut their target price on GlaxoSmithKline plc from GBX 1,885 ($24.79) to GBX 1,835 ($24.14) and set a “buy” rating for the company in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,574.25 ($20.71).

GlaxoSmithKline plc (LON GSK) traded down GBX 28.50 ($0.37) during trading hours on Thursday, hitting GBX 1,318 ($17.34). The stock had a trading volume of 8,310,264 shares, compared to its average volume of 9,540,000. GlaxoSmithKline plc has a 52 week low of GBX 1,315.50 ($17.30) and a 52 week high of GBX 1,724.50 ($22.68).

GlaxoSmithKline plc (LON:GSK) last issued its earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 461.88% and a net margin of 17.79%.

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In related news, insider Urs Rohner acquired 473 shares of GlaxoSmithKline plc stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of GBX 1,518 ($19.97) per share, for a total transaction of £7,180.14 ($9,443.82). Also, insider Simon Dingemans acquired 1,076 shares of GlaxoSmithKline plc stock in a transaction on Thursday, October 12th. The shares were bought at an average price of GBX 1,527 ($20.08) per share, with a total value of £16,430.52 ($21,610.57). Insiders have acquired a total of 1,576 shares of company stock worth $2,400,376 in the last ninety 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.

Analyst Recommendations for GlaxoSmithKline plc (LON:GSK)

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