Goldman Sachs Group, Inc. (The) Reiterates “GBX 1,900” Price Target for GlaxoSmithKline plc (GSK)

Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.74) price target on GlaxoSmithKline plc (LON:GSK) in a research report sent to investors on Tuesday. The firm currently has a buy rating on the stock.

Several other equities analysts also recently commented on GSK. UBS AG set a GBX 1,600 ($20.84) price target on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research note on Thursday, April 27th. Deutsche Bank AG set a GBX 1,610 ($20.97) price target on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research note on Tuesday. Morgan Stanley set a GBX 1,700 ($22.14) price objective on shares of GlaxoSmithKline plc and gave the stock a neutral rating in a research report on Thursday, July 27th. Liberum Capital reaffirmed a buy rating and set a GBX 1,900 ($24.74) price objective on shares of GlaxoSmithKline plc in a research report on Thursday, July 27th. Finally, Citigroup Inc. reaffirmed a neutral rating and set a GBX 1,700 ($22.14) price objective on shares of GlaxoSmithKline plc in a research report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 1,724 ($22.45).

Shares of GlaxoSmithKline plc (GSK) opened at 1475.00 on Tuesday. The stock’s market cap is GBX 72.10 billion. The firm’s 50-day moving average price is GBX 1,589.13 and its 200-day moving average price is GBX 1,623.61. GlaxoSmithKline plc has a 12-month low of GBX 1,446.50 and a 12-month 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. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 19 ($0.25) per share. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.23%.

In other news, insider Victoria Whyte sold 4,820 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of GBX 1,693 ($22.05), for a total transaction of £81,602.60 ($106,267.22). Also, insider Patrick Vallance purchased 861 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were purchased at an average price of GBX 1,618 ($21.07) per share, for a total transaction of £13,930.98 ($18,141.66). Over the last quarter, insiders have bought 3,151 shares of company stock worth $5,054,922.

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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