Trade Report: The GlaxoSmithKline plc (GSK) Given a GBX 1,870 Price Target at Deutsche Bank AG

The GlaxoSmithKline plc (GSK) Given a GBX 1,870 Price Target at Deutsche Bank AG

GlaxoSmithKline plc (LON:GSK) has been given a GBX 1,870 ($23.14) target price by equities researchers at Deutsche Bank AG in a research report issued on Wednesday. The brokerage currently has a a “neutral” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 8.78% from the company’s current price.

Several other brokerages have also recently issued reports on GSK. Beaufort Securities reissued a “buy” rating on shares of GlaxoSmithKline plc in a report on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating and issued a GBX 2,000 ($24.75) price objective on shares of GlaxoSmithKline plc in a report on Friday, July 29th. BNP Paribas reissued a “neutral” rating on shares of GlaxoSmithKline plc in a report on Friday, July 29th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of GlaxoSmithKline plc in a report on Thursday, July 28th. Finally, Sanford C. Bernstein set a GBX 1,755 ($21.72) price objective on GlaxoSmithKline plc and gave the company a “neutral” rating in a report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,685.04 ($20.85).

GlaxoSmithKline plc (LON:GSK) opened at 1710.00 on Wednesday. The firm’s 50-day moving average price is GBX 1,647.81 and its 200 day moving average price is GBX 1,559.14. The stock’s market cap is GBX 83.12 billion. GlaxoSmithKline plc has a 12-month low of GBX 1,277.25 and a 12-month high of GBX 1,745.56.

The business also recently disclosed a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, August 11th will be paid a GBX 19 ($0.24) dividend. This represents a dividend yield of 1.12%. The ex-dividend date is Thursday, August 11th.

In related news, insider Slaoui,Moncef acquired 28 shares of GlaxoSmithKline plc stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of GBX 2,208 ($27.33) per share, for a total transaction of £618.24 ($765.15). Also, insider Witty,Sir Andrew P sold 10,000 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of GBX 1,693 ($20.95), for a total value of £169,300 ($209,529.70).

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