GlaxoSmithKline’s (GSK) “Hold” Rating Reaffirmed at Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of GlaxoSmithKline (LON:GSK) in a report released on Friday, Marketbeat reports. Deutsche Bank currently has a GBX 1,440 ($19.89) target price on the stock.

A number of other brokerages also recently commented on GSK. BNP Paribas reiterated a neutral rating and set a GBX 1,580 ($21.83) price objective on shares of GlaxoSmithKline in a research report on Tuesday, January 16th. Jefferies Group reissued a buy rating and set a GBX 1,500 ($20.72) target price on shares of GlaxoSmithKline in a research note on Tuesday, January 16th. Barclays raised GlaxoSmithKline to an overweight rating and raised their target price for the stock from GBX 1,450 ($20.03) to GBX 1,650 ($22.80) in a research note on Wednesday, January 17th. Liberum Capital reissued a buy rating and set a GBX 1,760 ($24.32) target price on shares of GlaxoSmithKline in a research note on Monday, January 15th. Finally, JPMorgan Chase & Co. set a GBX 1,340 ($18.51) target price on GlaxoSmithKline and gave the stock a neutral rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. GlaxoSmithKline has an average rating of Hold and an average price target of GBX 1,529.55 ($21.13).

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GlaxoSmithKline (LON: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 P/E ratio of 2,430.57.

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

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

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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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