Citigroup restated their neutral rating on shares of GlaxoSmithKline (LON:GSK) in a research note released on Wednesday morning. The firm currently has a GBX 1,400 ($18.84) price objective on the stock.

Several other equities research analysts have also recently commented on GSK. J P Morgan Chase & Co restated a neutral rating and set a GBX 1,330 ($17.90) price target on shares of GlaxoSmithKline in a research note on Wednesday. Investec cut GlaxoSmithKline to a hold rating and cut their price target for the stock from GBX 1,800 ($24.23) to GBX 1,390 ($18.71) in a research note on Monday, November 6th. Shore Capital restated a hold rating on shares of GlaxoSmithKline in a research note on Wednesday, September 20th. restated a buy rating and set a GBX 1,970 ($26.51) price target on shares of GlaxoSmithKline in a research note on Wednesday, September 13th. Finally, Bank of America set a GBX 1,450 ($19.52) price objective on GlaxoSmithKline and gave the stock a neutral rating in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. GlaxoSmithKline presently has an average rating of Hold and a consensus price target of GBX 1,562.86 ($21.03).

Shares of GlaxoSmithKline (LON:GSK) opened at GBX 1,295 ($17.43) on Wednesday. GlaxoSmithKline has a 52 week low of GBX 1,270 ($17.09) and a 52 week high of GBX 1,724.50 ($23.21).

GlaxoSmithKline (LON:GSK) last released its quarterly earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 31.80 ($0.43) by GBX 0.70 ($0.01). GlaxoSmithKline had a return on equity of 461.88% and a net margin of 17.79%. The business had revenue of GBX 784.30 billion during the quarter.

The firm also recently declared a dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, November 9th will be paid a GBX 19 ($0.26) dividend. This represents a yield of 1.41%. The ex-dividend date is Thursday, November 9th.

In other news, insider Simon Dingemans acquired 1,076 shares of GlaxoSmithKline stock in a transaction dated Thursday, October 12th. The shares were acquired at an average cost of GBX 1,527 ($20.55) per share, with a total value of £16,430.52 ($22,113.76). Also, insider Urs Rohner acquired 473 shares of GlaxoSmithKline stock in a transaction dated Wednesday, October 25th. The stock was purchased at an average cost of GBX 1,518 ($20.43) per share, for a total transaction of £7,180.14 ($9,663.71). Over the last three months, insiders acquired 1,577 shares of company stock worth $2,400,086.

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About GlaxoSmithKline

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 (LON:GSK)

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