GlaxoSmithKline plc (LON:GSK) Given New GBX 1,835 Price Target at Berenberg Bank

GlaxoSmithKline plc (LON:GSK) had its price target lowered by Berenberg Bank from GBX 1,885 ($24.55) to GBX 1,835 ($23.90) in a report published on Wednesday. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.74) price target on GlaxoSmithKline plc and gave the stock a buy rating in a research report on Tuesday. Deutsche Bank AG set a GBX 1,610 ($20.97) price objective on GlaxoSmithKline plc and gave the stock a neutral rating in a report on Tuesday. UBS AG set a GBX 1,600 ($20.84) price objective on GlaxoSmithKline plc and gave the stock a neutral rating in a report on Tuesday, August 1st. Shore Capital restated a hold rating on shares of GlaxoSmithKline plc in a report on Friday, July 28th. Finally, Morgan Stanley set a GBX 1,700 ($22.14) price objective on GlaxoSmithKline plc and gave the stock a neutral rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 1,724 ($22.45).

GlaxoSmithKline plc (GSK) opened at 1475.00 on Wednesday. The firm has a 50-day moving average of GBX 1,589.13 and a 200 day moving average of GBX 1,623.61. The stock’s market capitalization is GBX 72.10 billion. GlaxoSmithKline plc has a 52 week low of GBX 1,446.50 and a 52 week high of GBX 1,745.56.

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

In other news, insider Patrick Vallance purchased 861 shares of the business’s stock in a transaction on Friday, July 14th. The stock was purchased at an average price of GBX 1,618 ($21.07) per share, with a total value of £13,930.98 ($18,141.66). Also, insider Manvinder Singh Banga purchased 2,267 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was purchased at an average cost of GBX 1,599 ($20.82) per share, with a total value of £36,249.33 ($47,205.80). In the last ninety days, insiders acquired 3,151 shares of company stock valued at $5,054,922.

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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