GlaxoSmithKline plc (GSK) Given Consensus Rating of “Hold” by Analysts
GlaxoSmithKline plc (NYSE:GSK) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $37.71.
A number of equities research analysts have issued reports on the company. UBS raised GlaxoSmithKline from a “neutral” rating to a “buy” rating and boosted their price target for the company from $35.04 to $35.85 in a research report on Monday, November 27th. Cowen set a $38.00 price target on GlaxoSmithKline and gave the company a “hold” rating in a research report on Monday, December 11th. Argus reissued a “buy” rating and set a $50.00 price target on shares of GlaxoSmithKline in a research report on Thursday, August 31st. Zacks Investment Research downgraded GlaxoSmithKline from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Bank of America downgraded GlaxoSmithKline from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th.
In related news, major shareholder Plc Glaxosmithkline bought 428,571 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $14.00 per share, with a total value of $5,999,994.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is owned by corporate insiders.
GlaxoSmithKline (NYSE:GSK) traded down $0.25 during mid-day trading on Monday, reaching $34.99. The company’s stock had a trading volume of 7,000,000 shares, compared to its average volume of 5,060,000. GlaxoSmithKline has a 1 year low of $34.52 and a 1 year high of $44.53. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.44 and a current ratio of 0.64. The stock has a market capitalization of $84,940.00, a P/E ratio of 12.50, a PEG ratio of 1.95 and a beta of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, November 10th will be given a $0.5037 dividend. This is an increase from GlaxoSmithKline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.01 annualized dividend and a dividend yield of 5.76%. GlaxoSmithKline’s dividend payout ratio is presently 156.69%.
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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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