Liberum Capital Lowers GlaxoSmithKline plc (GSK) Price Target to GBX 1,760
GlaxoSmithKline plc (LON:GSK) had its target price reduced by investment analysts at Liberum Capital from GBX 1,900 ($25.20) to GBX 1,760 ($23.35) in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price objective would suggest a potential upside of 15.52% from the company’s previous close.
GSK has been the topic of a number of other reports. Shore Capital restated a “hold” rating on shares of GlaxoSmithKline plc in a research report on Friday, July 28th. J P Morgan Chase & Co restated a “neutral” rating on shares of GlaxoSmithKline plc in a research report on Monday, July 24th. S&P Global set a GBX 1,500 ($19.90) price objective on GlaxoSmithKline plc and gave the company a “sell” rating in a research report on Wednesday, July 26th. Jefferies Group LLC lowered their price objective on GlaxoSmithKline plc from GBX 1,750 ($23.21) to GBX 1,675 ($22.22) and set a “buy” rating on the stock in a research report on Monday, September 18th. Finally, Credit Suisse Group AG lowered their price objective on GlaxoSmithKline plc from GBX 1,775 ($23.54) to GBX 1,725 ($22.88) and set a “neutral” rating on the stock in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. GlaxoSmithKline plc has a consensus rating of “Hold” and an average target price of GBX 1,691.86 ($22.44).
GlaxoSmithKline plc (GSK) opened at 1528.00 on Wednesday. The firm has a 50-day moving average of GBX 1,497.17 and a 200-day moving average of GBX 1,591.53. GlaxoSmithKline plc has a 12-month low of GBX 1,444.00 and a 12-month high of GBX 1,745.56. The firm’s market cap is GBX 74.69 billion.
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In other news, insider Manvinder Singh Banga purchased 2,267 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were acquired at an average price of GBX 1,599 ($21.21) per share, with a total value of £36,249.33 ($48,082.41). Also, insider Patrick Vallance purchased 861 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were purchased at an average cost of GBX 1,618 ($21.46) per share, for a total transaction of £13,930.98 ($18,478.55). Insiders have bought 3,152 shares of company stock worth $5,055,023 in the last ninety 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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