Several other research firms have also commented on GSK. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.98) price objective on shares of GlaxoSmithKline plc and gave the stock a buy rating in a research note on Tuesday, August 8th. Jefferies Group LLC reissued 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 13th. Bryan, Garnier & Co reissued 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. Deutsche Bank AG set a GBX 1,610 ($21.17) price objective on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research note on Thursday, September 21st. Finally, J P Morgan Chase & Co dropped their price objective on shares of GlaxoSmithKline plc from GBX 1,750 ($23.01) to GBX 1,570 ($20.64) and set a neutral rating on the stock in a research note on Wednesday, September 13th. Four 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 company presently has an average rating of Hold and an average price target of GBX 1,689.48 ($22.21).
Shares of GlaxoSmithKline plc (GSK) opened at 1515.00 on Tuesday. GlaxoSmithKline plc has a 12-month low of GBX 1,444.00 and a 12-month high of GBX 1,724.50. The company has a 50 day moving average of GBX 1,499.71 and a 200-day moving average of GBX 1,587.03. The firm’s market cap is GBX 74.05 billion.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, August 10th will be issued a dividend of GBX 19 ($0.25) per share. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.23%.
In other GlaxoSmithKline plc news, insider Manvinder Singh Banga bought 2,267 shares of GlaxoSmithKline plc stock in a transaction on Wednesday, July 26th. The stock was acquired at an average cost of GBX 1,599 ($21.02) per share, with a total value of £36,249.33 ($47,658.86). Also, insider Patrick Vallance bought 861 shares of GlaxoSmithKline plc stock in a transaction on Friday, July 14th. The shares were acquired at an average cost of GBX 1,618 ($21.27) per share, with a total value of £13,930.98 ($18,315.78). Over the last ninety days, insiders have acquired 3,144 shares of company stock valued at $5,042,191.
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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