Trade Report: Today, BNP Paribas Reaffirms “Underperform” Rating for GlaxoSmithKline plc (GSK)

Today, BNP Paribas Reaffirms “Underperform” Rating for GlaxoSmithKline plc (GSK)

BNP Paribas restated their underperform rating on shares of GlaxoSmithKline plc (LON:GSK) in a research report sent to investors on Friday. BNP Paribas currently has a GBX 1,520 ($19.84) price objective on the stock.

A number of other analysts have also weighed in on the stock. Citigroup Inc. set a GBX 1,800 ($23.50) target price on shares of GlaxoSmithKline plc and gave the stock a buy rating in a report on Thursday, September 29th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of GlaxoSmithKline plc in a report on Thursday, September 22nd. Liberum Capital reaffirmed a buy rating and set a GBX 1,900 ($24.80) target price on shares of GlaxoSmithKline plc in a report on Tuesday, September 20th. Goldman Sachs Group Inc. reaffirmed a buy rating and set a GBX 1,800 ($23.50) target price on shares of GlaxoSmithKline plc in a report on Tuesday, September 20th. Finally, Beaufort Securities reaffirmed a buy rating on shares of GlaxoSmithKline plc in a report on Friday, September 16th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. GlaxoSmithKline plc presently has a consensus rating of Hold and a consensus price target of GBX 1,682.13 ($21.96).

GlaxoSmithKline plc (LON:GSK) opened at 1688.50 on Friday. GlaxoSmithKline plc has a 52 week low of GBX 1,277.25 and a 52 week high of GBX 1,716.50. The company’s market cap is GBX 82.08 billion. The company’s 50-day moving average is GBX 1,644.49 and its 200-day moving average is GBX 1,549.54.

The business also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, August 11th will be given a GBX 19 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 1.12%.

In other news, insider Witty,Sir Andrew P sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of GBX 1,693 ($22.10), for a total value of £169,300 ($220,989.43). Also, insider Slaoui,Moncef bought 28 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was bought at an average cost of GBX 2,208 ($28.82) per share, with a total value of £618.24 ($807.00).

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