UBS AG Reiterates GBX 1,550 Price Target for GlaxoSmithKline plc (GSK)

UBS AG set a GBX 1,550 ($20.38) price objective on GlaxoSmithKline plc (LON:GSK) in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on GSK. Goldman Sachs Group, Inc. (The) set a GBX 1,900 ($24.98) price target on GlaxoSmithKline plc and gave the company a buy rating in a research note on Wednesday, July 26th. Barclays PLC restated an equal weight rating and issued a GBX 1,550 ($20.38) price target on shares of GlaxoSmithKline plc in a research note on Monday, July 3rd. Jefferies Group LLC restated a buy rating and issued a GBX 1,900 ($24.98) price target on shares of GlaxoSmithKline plc in a research note on Thursday, July 13th. Deutsche Bank AG restated a hold rating and issued a GBX 1,720 ($22.61) price target on shares of GlaxoSmithKline plc in a research note on Tuesday, July 25th. Finally, Liberum Capital restated a buy rating and issued a GBX 1,900 ($24.98) price target on shares of GlaxoSmithKline plc in a research note on Wednesday, August 30th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 1,689.48 ($22.21).

GlaxoSmithKline plc (LON GSK) opened at 1519.00 on Tuesday. The company’s market cap is GBX 74.25 billion. GlaxoSmithKline plc has a 12 month low of GBX 1,444.00 and a 12 month high of GBX 1,724.50. The company’s 50-day moving average is GBX 1,500.81 and its 200-day moving average is GBX 1,586.12.

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The business also recently announced a dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 19 ($0.25) per share. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, August 10th.

In related news, insider Manvinder Singh Banga bought 2,267 shares of GlaxoSmithKline plc stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of GBX 1,599 ($21.02) per share, with a total value of £36,249.33 ($47,658.86). Over the last three months, insiders have bought 2,292 shares of company stock worth $3,662,755.

About GlaxoSmithKline plc

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 plc (LON:GSK)

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