GlaxoSmithKline plc 17.6% Potential Upside Indicated by Bryan Garnier

GSK has been the subject of a number of other reports. King Luther Capital Management Corp lifted its holdings in GlaxoSmithKline PLC by 1.0% during the second quarter. In the last ninety days, insiders purchased 471 shares of company stock worth $786,697 and sold 52,038 shares worth $84,442,106. Proficio Capital Partners LLC grew its holdings in GlaxoSmithKline PLC by 233.0% during the first quarter. The Company is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. Carroll Financial Associates Inc. lifted its holdings in GlaxoSmithKline PLC by 0.4% during the second quarter. Baystate Wealth Management LLC now owns 5,520 shares of the pharmaceutical company's stock valued at $233,000 after purchasing an additional 75 shares during the last quarter. Renaissance Technologies LLC raised its position in GlaxoSmithKline PLC by 112.1% during the second quarter. FMR LLC now owns 25,024,276 shares of the pharmaceutical company's stock worth $1,079,047,000 after acquiring an additional 1,389,238 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in GlaxoSmithKline PLC by 1.9% during the second quarter. Institutional investors own 9.28% of the company's stock.

Several research analysts have recently weighed in on GSK shares. Zacks Investment Research upgraded shares of GlaxoSmithKline PLC from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Tuesday, July 18th. JP Morgan maintained the shares of GSK in report on Wednesday, April 26 with "Neutral" rating.

In other news, insider Patrick Vallance acquired 861 shares of the firm's stock in a transaction on Friday, July 14th. Liberum Capital maintained it with "Buy" rating and GBX 1900 target in Thursday, January 19 report. In a report shared with investors on Monday morning, Glaxosmithkline (LON:GSK) shares have had their "Buy" Rating reaffirmed by research analysts at Jefferies.

Among 28 analysts covering GlaxoSmithKline PLC (LON:GSK), 9 have Buy rating, 4 Sell and 15 Hold. GBX 1651.73's average target is 13.59% above currents GBX 1454.12 stock price.

Shares of GlaxoSmithKline PLC (NYSE:GSK) opened at 39.85 on Tuesday. The stock has a 50 day moving average price of $39.78 and a 200 day moving average price of $41.76. The company has market cap of $14.75 billion. GlaxoSmithKline PLC has GBX 2000 highest and GBX 1250 lowest target.

GlaxoSmithKline PLC (NYSE:GSK) last announced its earnings results on Wednesday, July 26th. Lpl Fincl Ltd Com reported 4,128 shares or 0% of all its holdings. GlaxoSmithKline PLC had a net margin of 6.48% and a return on equity of 114.93%. The firm had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.52 billion.

Analysts await GlaxoSmithKline plc (LON:GSK) to report earnings on October, 25.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, August 11th will be given a dividend of $0.491 per share. After posting $0.70 EPS for the previous quarter, GlaxoSmithKline plc (ADR)'s analysts now forecast 18.57 % EPS growth. The ex-dividend date is Wednesday, August 9th. GlaxoSmithKline PLC's dividend payout ratio is now 197.00%.

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GlaxoSmithKline plc (GSK) is a healthcare company. The Firm operates as a healthcare diagnostics company.

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