GlaxoSmithKline (GSK) Given a GBX 1,750 Price Target by Goldman Sachs Analysts

Goldman Sachs set a GBX 1,750 ($24.18) target price on GlaxoSmithKline (LON:GSK) in a report issued on Friday morning. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. UBS raised GlaxoSmithKline to a buy rating and set a GBX 1,550 ($21.41) price target on the stock in a research report on Monday, November 27th. Berenberg Bank reaffirmed a buy rating and set a GBX 1,760 ($24.32) price target on shares of GlaxoSmithKline in a research report on Wednesday, December 13th. Liberum Capital reaffirmed a buy rating and set a GBX 1,760 ($24.32) price target on shares of GlaxoSmithKline in a research report on Monday, January 15th. Jefferies Group reaffirmed a buy rating and set a GBX 1,500 ($20.72) price target on shares of GlaxoSmithKline in a research report on Tuesday, January 16th. Finally, Beaufort Securities raised GlaxoSmithKline to a buy rating and upped their price target for the company from GBX 1,450 ($20.03) to GBX 1,500 ($20.72) in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 1,529.55 ($21.13).

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GlaxoSmithKline (GSK) opened at GBX 1,288.20 ($17.80) on Friday. GlaxoSmithKline has a 1 year low of GBX 1,235.20 ($17.07) and a 1 year high of GBX 1,724.50 ($23.83). The company has a market capitalization of $65,630.00 and a price-to-earnings ratio of 2,430.57.

The firm also recently announced a dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, February 22nd will be paid a GBX 23 ($0.32) dividend. This is a positive change from GlaxoSmithKline’s previous dividend of $19.00. This represents a yield of 1.78%. The ex-dividend date of this dividend is Thursday, February 22nd.

In other GlaxoSmithKline news, insider Patrick Vallance sold 14,022 shares of the company’s stock in a transaction dated Monday, February 19th. The stock was sold at an average price of GBX 1,318 ($18.21), for a total value of £184,809.96 ($255,332.91). Also, insider Sir Roy Anderson bought 562 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was acquired at an average price of GBX 1,278 ($17.66) per share, for a total transaction of £7,182.36 ($9,923.13). Over the last 90 days, insiders acquired 591 shares of company stock worth $756,678 and sold 23,765 shares worth $31,152,709.

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GlaxoSmithKline Company Profile

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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