Published On: Sat, Sep 10th, 2016

Deutsche Bank AG Reaffirms “Hold” Rating for GlaxoSmithKline plc (GSK)

GlaxoSmithKline plc (LON:GSK)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank AG in a research note issued on Thursday.
Several other brokerages also recently issued reports on GSK. Beaufort Securities reissued a “buy” rating on shares of GlaxoSmithKline plc in a research note on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating and issued a GBX 2,000 ($26.64) price objective on shares of GlaxoSmithKline plc in a research note on Friday, July 29th. BNP Paribas reissued a “neutral” rating on shares of GlaxoSmithKline plc in a research note on Friday, July 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of GlaxoSmithKline plc in a research report on Thursday, July 28th. Finally, Sanford C. Bernstein set a GBX 1,755 ($23.38) target price on GlaxoSmithKline plc and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. GlaxoSmithKline plc presently has a consensus rating of “Hold” and an average target price of GBX 1,655.84 ($22.05).
Shares of GlaxoSmithKline plc (LON:GSK) traded down 1.54% during trading on Thursday, hitting GBX 1599.50. The company’s stock had a trading volume of 7,824,068 shares. The company’s market capitalization is GBX 77.75 billion. The firm’s 50 day moving average is GBX 1,666.33 and its 200-day moving average is GBX 1,516.34. GlaxoSmithKline plc has a 1-year low of GBX 1,227.50 and a 1-year high of GBX 1,716.50.

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The company also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, August 11th will be paid a GBX 19 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 1.12%.
In other news, insider Cartwright,Stacey bought 461 shares of the stock in a transaction dated Friday, July 1st. The stock was bought at an average cost of GBX 1,559 ($20.76) per share, with a total value of £7,186.99 ($9,572.44). Also, insider Slaoui,Moncef bought 28 shares of the stock in a transaction dated Friday, August 12th. The stock was purchased at an average cost of GBX 2,208 ($29.41) per share, with a total value of £618.24 ($823.44).
GlaxoSmithKline plc Company Profile
GlaxoSmithKline plc (GSK) is a healthcare company. The Company is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. The Company’s segments include Pharmaceuticals, Pharmaceuticals R&D, Vaccines and Consumer Healthcare.

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