GlaxoSmithKline plc (GSK) Receives $37.71 Average Target Price from Brokerages

Shares of GlaxoSmithKline plc (NYSE:GSK) have been given an average recommendation of “Hold” by the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.71.

A number of equities analysts recently weighed in on GSK shares. BidaskClub upgraded shares of GlaxoSmithKline from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Argus reiterated a “buy” rating and issued a $50.00 target price on shares of GlaxoSmithKline in a report on Thursday, August 31st. Morgan Stanley lowered shares of GlaxoSmithKline from an “equal weight” rating to an “underweight” rating in a report on Friday, September 8th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of GlaxoSmithKline in a report on Thursday, September 14th. Finally, Zacks Investment Research upgraded shares of GlaxoSmithKline from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, October 18th.

GlaxoSmithKline (NYSE:GSK) traded down $0.34 on Monday, reaching $35.24. 7,245,928 shares of the company were exchanged, compared to its average volume of 3,560,087. The firm has a market capitalization of $87,356.00, a price-to-earnings ratio of 12.60, a PEG ratio of 1.97 and a beta of 0.98. GlaxoSmithKline has a 52-week low of $34.52 and a 52-week high of $44.53. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 2.96.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, November 10th will be given a $0.5037 dividend. The ex-dividend date is Thursday, November 9th. This is an increase from GlaxoSmithKline’s previous quarterly dividend of $0.49. This represents a $2.01 dividend on an annualized basis and a dividend yield of 5.72%. GlaxoSmithKline’s dividend payout ratio is currently 163.12%.

In other news, major shareholder Plc Glaxosmithkline acquired 428,571 shares of the company’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $14.00 per share, with a total value of $5,999,994.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Proficio Capital Partners LLC boosted its holdings in shares of GlaxoSmithKline by 16.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 3,301 shares of the pharmaceutical company’s stock valued at $135,000 after buying an additional 457 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of GlaxoSmithKline by 1.9% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,374 shares of the pharmaceutical company’s stock valued at $137,000 after buying an additional 64 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of GlaxoSmithKline by 1,982.8% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 3,520 shares of the pharmaceutical company’s stock valued at $143,000 after buying an additional 3,351 shares in the last quarter. FTB Advisors Inc. boosted its holdings in shares of GlaxoSmithKline by 16.9% in the 2nd quarter. FTB Advisors Inc. now owns 3,735 shares of the pharmaceutical company’s stock valued at $146,000 after buying an additional 539 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of GlaxoSmithKline by 24.2% in the 2nd quarter. Advisory Services Network LLC now owns 4,047 shares of the pharmaceutical company’s stock valued at $175,000 after buying an additional 788 shares in the last quarter. 9.83% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for GlaxoSmithKline (NYSE:GSK)

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