Bank of America Analysts Give GlaxoSmithKline (GSK) a GBX 1,450 Price Target

GlaxoSmithKline (LON:GSK) has been assigned a GBX 1,450 ($19.52) price objective by equities researchers at Bank of America in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. Bank of America’s target price suggests a potential upside of 13.46% from the company’s current price.

A number of other research analysts have also weighed in on GSK. Deutsche Bank set a GBX 1,610 ($21.67) target price on GlaxoSmithKline and gave the company a “neutral” rating in a report on Tuesday, August 8th. Goldman Sachs Group set a GBX 1,900 ($25.57) target price on GlaxoSmithKline and gave the company a “buy” rating in a report on Tuesday, August 8th. Berenberg Bank reduced their target price on GlaxoSmithKline from GBX 1,885 ($25.37) to GBX 1,835 ($24.70) and set a “buy” rating for the company in a report on Wednesday, August 9th. Jefferies Group cut their price objective on GlaxoSmithKline from GBX 1,900 ($25.57) to GBX 1,750 ($23.55) and set a “buy” rating for the company in a report on Thursday, August 24th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 1,900 ($25.57) price objective on shares of GlaxoSmithKline in a report on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,577.14 ($21.23).

GlaxoSmithKline (LON GSK) opened at GBX 1,278 ($17.20) on Wednesday. GlaxoSmithKline has a twelve month low of GBX 1,277.50 ($17.19) and a twelve month high of GBX 1,724.50 ($23.21).

GlaxoSmithKline (LON:GSK) last posted its earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 31.80 ($0.43) by GBX 0.70 ($0.01). The business had revenue of GBX 784.30 billion during the quarter. GlaxoSmithKline had a return on equity of 461.88% and a net margin of 17.79%.

In other news, insider Simon Dingemans acquired 1,076 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was acquired at an average price of GBX 1,527 ($20.55) per share, for a total transaction of £16,430.52 ($22,113.76). Also, insider Urs Rohner acquired 473 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was purchased at an average price of GBX 1,518 ($20.43) per share, with a total value of £7,180.14 ($9,663.71). In the last 90 days, insiders have purchased 1,576 shares of company stock valued at $2,400,376.

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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.

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