GlaxoSmithKline (GSK) Given a GBX 1,400 Price Target by Morgan Stanley Analysts

Morgan Stanley set a GBX 1,400 ($19.34) target price on GlaxoSmithKline (LON:GSK) in a report issued on Wednesday morning. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on GSK. Kepler Capital Markets upped their price target on GlaxoSmithKline from GBX 1,360 ($18.79) to GBX 1,400 ($19.34) and gave the company a hold rating in a research report on Wednesday. Goldman Sachs set a GBX 1,750 ($24.18) price target on GlaxoSmithKline and gave the company a buy rating in a research report on Friday, March 23rd. Shore Capital reaffirmed a hold rating on shares of GlaxoSmithKline in a research report on Friday, March 23rd. JPMorgan Chase & Co. reiterated a neutral rating on shares of GlaxoSmithKline in a research note on Friday, March 23rd. Finally, Liberum Capital reiterated a buy rating and set a GBX 1,630 ($22.52) price objective on shares of GlaxoSmithKline in a research note on Thursday, March 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. GlaxoSmithKline currently has an average rating of Hold and a consensus price target of GBX 1,541.82 ($21.30).

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Shares of LON GSK opened at GBX 1,394 ($19.26) on Wednesday. GlaxoSmithKline has a one year low of GBX 1,235.20 ($17.07) and a one year high of GBX 1,724.50 ($23.83).

The firm also recently announced a dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, February 22nd will be paid a GBX 23 ($0.32) dividend. This is a positive change from GlaxoSmithKline’s previous dividend of $19.00. This represents a yield of 1.78%. The ex-dividend date of this dividend is Thursday, February 22nd.

In other news, insider Sir Roy Anderson acquired 562 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average cost of GBX 1,278 ($17.66) per share, for a total transaction of £7,182.36 ($9,923.13). Also, insider Patrick Vallance sold 14,022 shares of the company’s stock in a transaction dated Monday, February 19th. The stock was sold at an average price of GBX 1,318 ($18.21), for a total value of £184,809.96 ($255,332.91). Over the last 90 days, insiders acquired 591 shares of company stock worth $756,678 and sold 23,765 shares worth $31,152,709.

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About GlaxoSmithKline

GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.

Analyst Recommendations for GlaxoSmithKline (LON:GSK)

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