GlaxoSmithKline plc (LON:GSK) has received a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 1,578.50 ($21.41).
GSK has been the topic of a number of analyst reports. Beaufort Securities restated a “buy” rating and set a GBX 1,800 ($24.41) target price on shares of GlaxoSmithKline in a research note on Monday, October 23rd. Liberum Capital reiterated a “buy” rating and issued a GBX 1,760 ($23.87) price target on shares of GlaxoSmithKline in a research note on Wednesday, October 25th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 1,900 ($25.77) price target on shares of GlaxoSmithKline in a research note on Tuesday, October 17th. Jefferies Group boosted their price target on shares of GlaxoSmithKline from GBX 1,675 ($22.71) to GBX 1,700 ($23.05) and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, set a GBX 1,925 ($26.11) price target on shares of GlaxoSmithKline and gave the stock a “buy” rating in a research note on Thursday, October 26th.
In other news, insider Patrick Vallance sold 20,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of GBX 1,310 ($17.77), for a total value of £262,000 ($355,302.41). Also, insider Urs Rohner bought 473 shares of GlaxoSmithKline stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of GBX 1,518 ($20.59) per share, for a total transaction of £7,180.14 ($9,737.10). Over the last 90 days, insiders bought 502 shares of company stock worth $756,702.
GlaxoSmithKline (LON:GSK) last released its earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 31.80 ($0.43) by GBX 0.70 ($0.01). GlaxoSmithKline had a net margin of 17.79% and a return on equity of 461.88%. The company had revenue of GBX 784.30 billion for the quarter.
The firm also recently announced a dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, November 9th were issued a GBX 19 ($0.26) dividend. The ex-dividend date was Thursday, November 9th. This represents a dividend yield of 1.41%.
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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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