Other equities research analysts also recently issued reports about the stock. Deutsche Bank reiterated a hold rating and set a GBX 1,610 ($22.57) target price on shares of GlaxoSmithKline in a research report on Wednesday, October 11th. Jefferies Group lifted their target price on shares of GlaxoSmithKline from GBX 1,675 ($23.49) to GBX 1,700 ($23.84) and gave the stock a buy rating in a research report on Monday, October 16th. Goldman Sachs Group reiterated a buy rating and set a GBX 1,900 ($26.64) target price on shares of GlaxoSmithKline in a research report on Tuesday, October 17th. Morgan Stanley set a GBX 1,600 ($22.43) target price on shares of GlaxoSmithKline and gave the stock a sell rating in a research report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 1,570 ($22.01) target price on shares of GlaxoSmithKline in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. GlaxoSmithKline has a consensus rating of Hold and an average price target of GBX 1,541.36 ($21.61).
Shares of GlaxoSmithKline (LON:GSK) traded down GBX 12.80 ($0.18) during trading on Thursday, hitting GBX 1,291 ($18.10). 11,683,099 shares of the company traded hands, compared to its average volume of 9,220,000. The company has a market cap of $64,010.00 and a price-to-earnings ratio of 4,164.52. GlaxoSmithKline has a 12 month low of GBX 1,235.20 ($17.32) and a 12 month high of GBX 1,724.50 ($24.18).
In other GlaxoSmithKline news, insider Sir Roy Anderson purchased 562 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was acquired at an average price of GBX 1,278 ($17.92) per share, for a total transaction of £7,182.36 ($10,070.61). Also, insider Patrick Vallance sold 20,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of GBX 1,310 ($18.37), for a total transaction of £262,000 ($367,358.38). Insiders have acquired a total of 581 shares of company stock valued at $743,284 in the last 90 days.
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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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