Berenberg Bank reaffirmed their buy rating on shares of GlaxoSmithKline plc (LON:GSK) in a research report released on Wednesday morning. The firm currently has a GBX 1,885 ($24.56) price objective on the stock.

Other analysts have also recently issued research reports about the stock. UBS AG set a GBX 1,600 ($20.84) target price on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 1,900 ($24.75) target price on shares of GlaxoSmithKline plc in a research note on Wednesday, May 31st. Bryan, Garnier & Co restated a buy rating and issued a GBX 1,750 ($22.80) target price on shares of GlaxoSmithKline plc in a research note on Wednesday, May 31st. Liberum Capital restated a buy rating and issued a GBX 1,900 ($24.75) target price on shares of GlaxoSmithKline plc in a research note on Wednesday, June 14th. Finally, Deutsche Bank AG restated a hold rating and issued a GBX 1,720 ($22.41) target price on shares of GlaxoSmithKline plc in a research note on Friday, June 30th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 1,734.73 ($22.60).

GlaxoSmithKline plc (LON GSK) opened at 1518.50 on Wednesday. GlaxoSmithKline plc has a 12 month low of GBX 1,446.50 and a 12 month high of GBX 1,745.56. The firm’s market cap is GBX 74.22 billion. The firm has a 50 day moving average of GBX 1,638.77 and a 200-day moving average of GBX 1,627.17.

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The firm also recently announced a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 19 ($0.25) per share. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, August 10th.

In other news, insider Manvinder Singh Banga purchased 2,267 shares of the stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average cost of GBX 1,599 ($20.83) per share, for a total transaction of £36,249.33 ($47,224.24). Also, insider Patrick Vallance purchased 861 shares of the stock in a transaction dated Friday, July 14th. The shares were purchased at an average price of GBX 1,618 ($21.08) per share, with a total value of £13,930.98 ($18,148.75). Over the last quarter, insiders have bought 3,150 shares of company stock valued at $5,054,075.

About GlaxoSmithKline plc

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 plc (LON:GSK)

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