GlaxoSmithKline (GSK) Given a GBX 1,775 Price Target by Goldman Sachs Group Analysts

GlaxoSmithKline (LON:GSK) received a GBX 1,775 ($24.89) target price from equities research analysts at Goldman Sachs Group in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 37.49% from the stock’s previous close.

Several other research analysts have also recently issued reports on GSK. Deutsche Bank reiterated a “hold” rating and issued a GBX 1,440 ($20.19) price objective on shares of GlaxoSmithKline in a report on Thursday. 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 report on Thursday. Shore Capital reiterated a “hold” rating on shares of GlaxoSmithKline in a report on Thursday. Liberum Capital reiterated a “buy” rating and issued a GBX 1,630 ($22.85) price objective on shares of GlaxoSmithKline in a report on Wednesday. Finally, Sanford C. Bernstein set a GBX 1,580 ($22.15) price objective on shares of GlaxoSmithKline and gave the company a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,541.36 ($21.61).

GlaxoSmithKline (LON GSK) opened at GBX 1,291 ($18.10) on Thursday. The stock has a market cap of $64,010.00 and a P/E ratio of 4,164.52. GlaxoSmithKline has a 1-year low of GBX 1,235.20 ($17.32) and a 1-year high of GBX 1,724.50 ($24.18).

In other GlaxoSmithKline news, insider Patrick Vallance sold 20,000 shares of the company’s stock in a transaction that occurred 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 acquired 562 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of GBX 1,278 ($17.92) per share, for a total transaction of £7,182.36 ($10,070.61). In the last 90 days, insiders purchased 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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