A number of other research analysts have also recently issued reports on the stock. Liberum Capital restated a buy rating and set a GBX 1,760 ($23.15) price objective on shares of GlaxoSmithKline plc in a report on Thursday. Beaufort Securities decreased their price objective on shares of GlaxoSmithKline plc from GBX 1,800 ($23.67) to GBX 1,450 ($19.07) and set a buy rating for the company in a report on Wednesday, November 8th. Investec cut shares of GlaxoSmithKline plc to a hold rating and decreased their price objective for the company from GBX 1,800 ($23.67) to GBX 1,390 ($18.28) in a report on Monday, November 6th. Morgan Stanley set a GBX 1,450 ($19.07) price objective on shares of GlaxoSmithKline plc and gave the company a sell rating in a report on Monday, November 6th. Finally, Berenberg Bank decreased their price objective on shares of GlaxoSmithKline plc from GBX 1,835 ($24.14) to GBX 1,760 ($23.15) and set a buy rating for the company in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,574.25 ($20.71).
Shares of GlaxoSmithKline plc (GSK) traded up GBX 1 ($0.01) during trading hours on Thursday, hitting GBX 1,319 ($17.35). 9,175,386 shares of the stock traded hands, compared to its average volume of 9,590,000. GlaxoSmithKline plc has a 12 month low of GBX 1,315.50 ($17.30) and a 12 month high of GBX 1,724.50 ($22.68).
GlaxoSmithKline plc (LON:GSK) last issued its quarterly earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.43) EPS for the quarter, topping the consensus estimate of GBX 31.80 ($0.42) by GBX 0.70 ($0.01). GlaxoSmithKline plc had a net margin of 17.79% and a return on equity of 461.88%. The company had revenue of GBX 784.30 billion during the quarter.
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The firm also recently disclosed a dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, November 9th will be given a GBX 19 ($0.25) dividend. This represents a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 9th.
In other news, insider Urs Rohner bought 473 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average cost of GBX 1,518 ($19.97) per share, for a total transaction of £7,180.14 ($9,443.82). Also, insider Simon Dingemans bought 1,076 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were purchased at an average price of GBX 1,527 ($20.08) per share, for a total transaction of £16,430.52 ($21,610.57). In the last three months, insiders bought 1,576 shares of company stock worth $2,400,376.
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.
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