GlaxoSmithKline’s (GSK) Buy Rating Reiterated at Liberum Capital

GlaxoSmithKline (LON:GSK)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research note issued to investors on Wednesday. They currently have a GBX 1,630 ($20.79) price objective on the stock. Liberum Capital’s price objective would indicate a potential upside of 1.24% from the stock’s previous close.

A number of other analysts have also recently issued reports on GSK. Shore Capital reissued a “buy” rating on shares of GlaxoSmithKline in a report on Wednesday. Cfra set a GBX 1,550 ($19.77) price objective on GlaxoSmithKline and gave the stock a “neutral” rating in a report on Thursday, July 26th. Citigroup reissued a “neutral” rating on shares of GlaxoSmithKline in a report on Thursday, July 26th. Deutsche Bank reaffirmed a “hold” rating on shares of GlaxoSmithKline in a report on Wednesday, August 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,790 ($22.83) price target (down previously from GBX 1,790 ($22.83)) on shares of GlaxoSmithKline in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,543.61 ($19.69).

Shares of GSK opened at GBX 1,610 ($20.54) on Wednesday. GlaxoSmithKline has a 52-week low of GBX 1,235.20 ($15.76) and a 52-week high of GBX 1,724.50 ($22.00).

In other news, insider Philip R. Hampton acquired 2,810 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were bought at an average cost of GBX 1,557 ($19.86) per share, with a total value of £43,751.70 ($55,812.86). Also, insider David Redfern sold 1,925 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of GBX 1,575 ($20.09), for a total value of £30,318.75 ($38,676.81). Over the last three months, insiders have purchased 2,826 shares of company stock worth $4,400,426.

GlaxoSmithKline Company Profile

GlaxoSmithKline plc engages in the creation, discovery, development, manufacture, and marketing of vaccines, over-the-counter medicines, and health-related consumer products worldwide. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare. The company offers pharmaceutical products comprising medicines in the therapeutic areas, such as respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, dermatology, rare diseases, immuno-inflammation, and HIV, as well as vaccines.

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