GlaxoSmithKline plc (GSK) Stock Rating Reaffirmed by J P Morgan Chase & Co
GlaxoSmithKline plc (LON:GSK)‘s stock had its “neutral” rating restated by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Monday. They presently have a GBX 1,570 ($20.83) target price on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 3.29% from the stock’s current price.
Several other equities analysts have also commented on GSK. Deutsche Bank AG set a GBX 1,610 ($21.36) price target on GlaxoSmithKline plc and gave the company a “neutral” rating in a research note on Thursday, September 21st. Shore Capital reissued a “hold” rating on shares of GlaxoSmithKline plc in a research report on Wednesday, September 20th. Berenberg Bank reissued a “buy” rating and set a GBX 1,835 ($24.34) price objective on shares of GlaxoSmithKline plc in a research report on Tuesday, September 19th. Bryan, Garnier & Co restated a “neutral” rating and issued a GBX 1,710 ($22.68) price objective on shares of GlaxoSmithKline plc in a report on Tuesday, September 19th. Finally, Jefferies Group LLC reduced their price objective on shares of GlaxoSmithKline plc from GBX 1,750 ($23.21) to GBX 1,675 ($22.22) and set a “buy” rating on the stock in a report on Monday, September 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. GlaxoSmithKline plc has an average rating of “Hold” and a consensus target price of GBX 1,691.86 ($22.44).
Shares of GlaxoSmithKline plc (LON:GSK) opened at 1520.00 on Monday. The company’s market cap is GBX 74.30 billion. GlaxoSmithKline plc has a 1-year low of GBX 1,444.00 and a 1-year high of GBX 1,745.56. The stock’s 50 day moving average is GBX 1,496.17 and its 200 day moving average is GBX 1,592.59.
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In other GlaxoSmithKline plc news, insider Patrick Vallance bought 861 shares of GlaxoSmithKline plc stock in a transaction on Friday, July 14th. The shares were bought at an average cost of GBX 1,618 ($21.46) per share, for a total transaction of £13,930.98 ($18,478.55). Also, insider Manvinder Singh Banga bought 2,267 shares of GlaxoSmithKline plc stock in a transaction on Wednesday, July 26th. The shares were acquired at an average price of GBX 1,599 ($21.21) per share, for a total transaction of £36,249.33 ($48,082.41). Insiders purchased 3,152 shares of company stock valued at $5,055,023 in the last 90 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.
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