Economy

GlaxoSmithKline plc 13.5% Potential Upside Indicated by Citigroup

GlaxoSmithKline plc has a 50 day moving average of 1,562.51 GBX and the 200 Day Moving Average price is recorded at 1,608.64. The company has a consensus rating of "Hold" and an average price target of $46.00. GlaxoSmithKline had 21 analyst reports since September 8, 2015 according to SRatingsIntel. Zacks Investment Research raised shares of GlaxoSmithKline PLC from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research note on Tuesday, July 18th. The stock has "Neutral" rating by BNP Paribas on Tuesday, September 15. The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) earned "Neutral" rating by JP Morgan on Monday, October 12. BNP Paribas downgraded the shares of GSK in report on Wednesday, September 14 to "Underperform" rating. The rating was upgraded by BNP Paribas to "Neutral" on Wednesday, April 5. As per Friday, November 6, the company rating was maintained by National Bank Canada. The firm has "Overweight" rating by Piperjaffray given on Friday, September 23. The firm has "Buy" rating given on Wednesday, December 9 by Bank of America.

Shares of GlaxoSmithKline PLC (GSK) traded down 0.55% during midday trading on Friday, hitting $39.93.

Panayotis Takis Sparaggis decreased its stake in Qualcomm Inc (QCOM) by 9.73% based on its latest 2016Q4 regulatory filing with the SEC.

As of quarter end Cypress Capital Management LLC (wy) had bought 950 shares growing its position 475.0%. Westwood Holdings Group Inc. now owns 2,950 shares of the pharmaceutical company's stock worth $124,000 after purchasing an additional 400 shares in the last quarter. Sysco Corp now has $27.94 billion valuation. Argi Inv Service invested in 31,221 shares or 0.09% of the stock. About shares traded. QUALCOMM, Inc. It has underperformed by 16.70% the S&P500. It dropped, as 60 investors sold PFE shares while 672 reduced holdings. Smith Salley & Associates raised its stake in shares of GlaxoSmithKline PLC by 20.5% in the second quarter. 238.84 million shares or 4.94% more from 227.59 million shares in 2016Q3 were reported. Penobscot Mngmt owns 11,250 shares. Liberty Mutual Gp Asset Management holds 0.25% or 109,377 shares in its portfolio. Martingale Asset Mgmt Ltd Partnership reported 838,597 shares. Signaturefd LLC now owns 3,020 shares of the pharmaceutical company's stock worth $131,000 after buying an additional 607 shares in the last quarter. Fcg Limited Liability Corporation has invested 0.19% in Pfizer Inc. Regentatlantic Cap Ltd owns 4,344 shares or 0.02% of their USA portfolio. Assetmark Inc invested 0% in Canaccord Genuity Group Inc (TSE:CF). Argus Research has "Buy" rating and $50 target. Therefore 34% are positive. As per Friday, February 10, the company rating was maintained by Scotia Capital.

News headlines about GlaxoSmithKline PLC (NYSE:GSK) have trended somewhat positive this week, Accern Sentiment reports.

Pivotal Research initiated it with "Sell" rating and $29 target in Thursday, August 6 report. The Firm has activities in two principal divisions of the securities industry: wealth management and capital markets. The rating was maintained by Oppenheimer with "Outperform" on Thursday, July 23. As per Monday, October 12, the company rating was upgraded by JP Morgan. Next Financial Group, Inc bolstered its holdings by buying 118 shares an increase of 0.9% in the quarter. It also upped Entegris Inc (NASDAQ:ENTG) stake by 26,200 shares and now owns 54,250 shares. It has underperformed by 12.44% the S&P500.

GlaxoSmithKline plc is a global healthcare company. Alkeon Capital Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $74.36 billion market cap company. The Company's segments include Pharmaceuticals, Pharmaceuticals R&D, Vaccines and Consumer Healthcare.



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