GlaxoSmithKline (GSK) Given “Overweight” Rating at Barclays

GlaxoSmithKline (LON:GSK)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays in a research note issued to investors on Friday. They presently have a GBX 1,650 ($23.14) price target on the stock. Barclays’ price objective would indicate a potential upside of 26.55% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Beaufort Securities upgraded shares of GlaxoSmithKline to a “buy” rating and increased their price objective for the company from GBX 1,450 ($20.33) to GBX 1,500 ($21.03) in a research note on Thursday. Berenberg Bank decreased their price objective on shares of GlaxoSmithKline from GBX 1,760 ($24.68) to GBX 1,705 ($23.91) and set a “buy” rating for the company in a research note on Thursday. UBS Group set a GBX 1,550 ($21.73) price objective on shares of GlaxoSmithKline and gave the company a “buy” rating in a research note on Thursday. Goldman Sachs Group set a GBX 1,775 ($24.89) price objective on shares of GlaxoSmithKline and gave the company a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group set a GBX 1,300 ($18.23) price objective on shares of GlaxoSmithKline and gave the company a “neutral” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,540.45 ($21.60).

Shares of GlaxoSmithKline (LON GSK) opened at GBX 1,303.80 ($18.28) on Friday. The company has a market cap of $64,640.00 and a PE ratio of 4,205.81. GlaxoSmithKline has a one year low of GBX 1,235.20 ($17.32) and a one year high of GBX 1,724.50 ($24.18).

In other GlaxoSmithKline news, insider Patrick Vallance sold 20,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of GBX 1,310 ($18.37), for a total value of £262,000 ($367,358.38). Also, insider Sir Roy Anderson purchased 562 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of GBX 1,278 ($17.92) per share, with a total value of £7,182.36 ($10,070.61). Over the last three months, insiders acquired 581 shares of company stock valued at $743,284.

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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.

Analyst Recommendations for GlaxoSmithKline (LON:GSK)

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