GSK (NYSE:GSK) Receives Neutral Rating from Citigroup

GSK (NYSE:GSKGet Free Report)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup in a research note issued to investors on Friday,Benzinga reports.

GSK has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of GSK in a report on Thursday, July 9th. Weiss Ratings cut GSK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. HSBC raised GSK from a “reduce” rating to a “hold” rating in a research note on Monday, July 6th. Royal Bank Of Canada restated an “outperform” rating on shares of GSK in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of GSK from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, GSK presently has a consensus rating of “Hold” and an average target price of $53.00.

Read Our Latest Analysis on GSK

GSK Stock Up 0.0%

GSK stock opened at $50.78 on Friday. The stock has a market capitalization of $102.71 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 3.23 and a beta of 0.35. The company has a fifty day moving average of $51.55 and a 200-day moving average of $53.41. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.52 and a current ratio of 0.79. GSK has a one year low of $36.75 and a one year high of $61.69.

Institutional Investors Weigh In On GSK

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its position in shares of GSK by 5.5% in the second quarter. Valeo Financial Advisors LLC now owns 10,149 shares of the pharmaceutical company’s stock valued at $532,000 after acquiring an additional 532 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of GSK by 8.0% during the second quarter. GAMMA Investing LLC now owns 11,330 shares of the pharmaceutical company’s stock worth $594,000 after buying an additional 840 shares in the last quarter. Parallel Advisors LLC raised its position in shares of GSK by 17.5% in the first quarter. Parallel Advisors LLC now owns 9,424 shares of the pharmaceutical company’s stock valued at $520,000 after buying an additional 1,405 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in GSK by 0.6% in the 1st quarter. Arkadios Wealth Advisors now owns 108,026 shares of the pharmaceutical company’s stock valued at $5,962,000 after acquiring an additional 647 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of GSK by 67.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,092 shares of the pharmaceutical company’s stock worth $336,000 after purchasing an additional 2,457 shares during the period. Hedge funds and other institutional investors own 15.74% of the company’s stock.

Key Headlines Impacting GSK

Here are the key news stories impacting GSK this week:

GSK Company Profile

(Get Free Report)

GSK (GlaxoSmithKline plc) is a London-headquartered, multinational pharmaceutical and healthcare company formed through the 2000 merger of Glaxo Wellcome and SmithKline Beecham. The company is dual-listed and operates globally, developing, manufacturing and commercializing prescription medicines, vaccines and specialty treatments. Over its history GSK has evolved through portfolio reshaping and strategic transactions to focus on science-led pharmaceuticals and vaccines.

GSK’s core activities include research and development of therapies and vaccines across a range of therapeutic areas, commercial manufacturing, and global marketing.

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