GlaxoSmithKline (GSK) Shares Down 0.9%

GlaxoSmithKline plc (LON:GSK) dropped 0.9% on Tuesday . The company traded as low as GBX 1,277.83 ($17.20) and last traded at GBX 1,279 ($17.21). Approximately 10,619,741 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 11,650,000 shares. The stock had previously closed at GBX 1,290.50 ($17.37).

GSK has been the topic of a number of recent analyst reports. Societe Generale reiterated a “sell” rating on shares of GlaxoSmithKline in a research report on Thursday, November 9th. Berenberg Bank cut their price objective on GlaxoSmithKline from GBX 1,835 ($24.70) to GBX 1,760 ($23.69) and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Morgan Stanley set a GBX 1,450 ($19.52) price objective on GlaxoSmithKline and gave the stock a “sell” rating in a research report on Monday, November 6th. Deutsche Bank set a GBX 1,610 ($21.67) price objective on GlaxoSmithKline and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Barclays restated an “equal weight” rating and issued a GBX 1,450 ($19.52) target price on shares of GlaxoSmithKline in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,577.14 ($21.23).

GlaxoSmithKline (LON:GSK) last announced its quarterly earnings data on Wednesday, October 25th. The company reported GBX 32.50 ($0.44) earnings per share (EPS) 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%.

The business also recently disclosed a dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, November 9th will be paid a dividend of GBX 19 ($0.26) per share. This represents a yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 9th.

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

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About GlaxoSmithKline

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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