Shore Capital Reaffirms “Buy” Rating for GSK (LON:GSK)

Shore Capital restated their buy rating on shares of GSK (LON:GSKGet Rating) in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other research firms also recently commented on GSK. Jefferies Financial Group set a GBX 1,475 ($17.44) price objective on GSK in a report on Thursday, September 8th. Credit Suisse Group set a GBX 1,430 ($16.91) price objective on GSK in a research report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a GBX 1,500 ($17.74) price target on shares of GSK in a report on Wednesday, November 16th. UBS Group set a GBX 1,300 ($15.37) price target on GSK in a report on Friday, November 11th. Finally, Barclays set a GBX 1,450 ($17.15) price target on GSK in a report on Wednesday, November 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of GBX 1,622 ($19.18).

GSK Price Performance

Shares of LON GSK opened at GBX 1,380 ($16.32) on Tuesday. The stock’s 50-day moving average is GBX 1,363.14 and its two-hundred day moving average is GBX 1,540.46. The company has a debt-to-equity ratio of 253.74, a current ratio of 0.97 and a quick ratio of 0.73. GSK has a 1-year low of GBX 1,280.92 ($15.15) and a 1-year high of GBX 1,824.40 ($21.57). The company has a market cap of £56.13 billion and a price-to-earnings ratio of 1,266.06.

GSK Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 12th. Shareholders of record on Thursday, November 17th will be paid a dividend of GBX 13.75 ($0.16) per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 17th. GSK’s dividend payout ratio is presently 79.13%.

Insider Buying and Selling

In other news, insider Jonathan Symonds acquired 3,220 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average cost of GBX 1,324 ($15.66) per share, with a total value of £42,632.80 ($50,411.26). Over the last 90 days, insiders have acquired 3,237 shares of company stock worth $4,286,706.

About GSK

(Get Rating)

GSK plc, together with its subsidiaries, engages in the creation, discovery, development, manufacture, and marketing of pharmaceutical products, vaccines, over-the-counter medicines, and health-related consumer products in the United Kingdom, the United States, and internationally. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare.

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