Published On: Sat, Sep 24th, 2016

GlaxoSmithKline plc (GSK) Earns “Buy” Rating from Citigroup Inc.

GlaxoSmithKline plc (LON:GSK)‘s stock had its “buy” rating reiterated by analysts at Citigroup Inc. in a research report issued on Friday.
A number of other research analysts also recently weighed in on the company. Shore Capital reiterated a “hold” rating on shares of GlaxoSmithKline plc in a report on Wednesday, July 27th. JPMorgan Chase & Co. upped their price target on GlaxoSmithKline plc from GBX 1,470 ($19.19) to GBX 1,800 ($23.50) and gave the stock a “neutral” rating in a research note on Tuesday, July 12th. BNP Paribas restated a “neutral” rating and issued a GBX 1,430 ($18.67) price target on shares of GlaxoSmithKline plc in a research note on Sunday, July 3rd. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 1,800 ($23.50) price target on shares of GlaxoSmithKline plc in a research note on Tuesday, July 12th. Finally, Morgan Stanley upped their price target on GlaxoSmithKline plc from GBX 1,500 ($19.58) to GBX 1,650 ($21.54) and gave the stock an “equal weight” rating in a research note on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,676.44 ($21.88).

Shares of GlaxoSmithKline plc (LON:GSK) opened at 1653.00 on Friday. The company’s market capitalization is GBX 80.35 billion. GlaxoSmithKline plc has a one year low of GBX 1,227.50 and a one year high of GBX 1,716.50. The company’s 50-day moving average price is GBX 1,652.33 and its 200-day moving average price is GBX 1,532.89.

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The company also recently disclosed a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, August 11th will be given a dividend of GBX 19 ($0.25) per share. The ex-dividend date is Thursday, August 11th. This represents a dividend yield of 1.12%.
In related news, insider Cartwright,Stacey purchased 461 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was bought at an average price of GBX 1,559 ($20.35) per share, for a total transaction of £7,186.99 ($9,381.27). Also, insider Witty,Sir Andrew P sold 10,000 shares of GlaxoSmithKline plc stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of GBX 1,693 ($22.10), for a total value of £169,300 ($220,989.43).
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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