The GlaxoSmithKline plc’s (GSK) Buy Rating Reaffirmed at Beaufort Securities

The GlaxoSmithKline plc’s (GSK) Buy Rating Reaffirmed at Beaufort Securities

Beaufort Securities restated their buy rating on shares of GlaxoSmithKline plc (LON:GSK) in a research report released on Tuesday.

Several other research firms also recently issued reports on GSK. Deutsche Bank AG restated a hold rating and issued a GBX 1,870 ($22.79) price objective on shares of GlaxoSmithKline plc in a research note on Wednesday, October 12th. Jefferies Group upped their price objective on shares of GlaxoSmithKline plc from GBX 1,900 ($23.16) to GBX 1,950 ($23.77) and gave the company a buy rating in a research note on Thursday, October 13th. BNP Paribas restated a neutral rating on shares of GlaxoSmithKline plc in a research note on Friday, July 29th. JPMorgan Chase & Co. restated a neutral rating on shares of GlaxoSmithKline plc in a research note on Thursday, July 28th. Finally, Sanford C. Bernstein set a GBX 1,755 ($21.39) target price on shares of 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 issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 1,701.68 ($20.74).

Shares of GlaxoSmithKline plc (LON:GSK) opened at 1631.5984 on Tuesday. The firm’s market capitalization is GBX 79.39 billion. The company has a 50-day moving average price of GBX 1,652.78 and a 200 day moving average price of GBX 1,577.18. GlaxoSmithKline plc has a 12-month low of GBX 1,277.25 and a 12-month high of GBX 1,745.56.

The firm also recently declared a dividend, which will be paid on Thursday, January 12th. Stockholders of record on Thursday, November 3rd will be given a GBX 19 ($0.23) dividend. The ex-dividend date is Thursday, November 3rd. This represents a dividend yield of 1.17%.

In other news, insider Slaoui,Moncef bought 28 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average price of GBX 2,208 ($26.91) per share, for a total transaction of £618.24 ($753.49). Also, insider Manvinder Singh Banga bought 1,750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were purchased at an average price of GBX 1,643 ($20.02) per share, for a total transaction of £28,752.50 ($35,042.66).

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