Economy

GlaxoSmithKline plc (GSK) Given Hold Rating at Deutsche Bank AG

GlaxoSmithKline plc (GSK) Given Hold Rating at Deutsche Bank AG”

The brokerage presently has a "neutral" rating on the stock.

Kahn Brothers Group Inc, which manages about $655.75M US Long portfolio, decreased its stake in New York Community (NYSE:NYCB) by 67,760 shares to 1.96 million shares, valued at $25.77 billion in 2017Q2, according to the filing.

GlaxoSmithKline plc (ADR) (NYSE:GSK) has risen 4.26% since September 21, 2016 and is uptrending.

GlaxoSmithKline PLC now has a P/E ratio of 39.88 and the market cap is 98.64B.

Among 15 analysts covering GlaxoSmithKline (NYSE:GSK), 7 have Buy rating, 1 Sell and 7 Hold. Jefferies Group LLC reiterated a "buy" rating and issued a GBX 1,800 ($24.27) target price on shares of GlaxoSmithKline plc in a report on Friday, May 12th. Bryan, Garnier & Co restated a "buy" rating and set a GBX 1,750 ($23.59) price target on shares of GlaxoSmithKline plc in a research report on Wednesday, May 31st. GlaxoSmithKline has a 1 year low of $37.20 and a 1 year high of $44.54. The stock has "Underweight" rating by Morgan Stanley on Friday, September 8. Shore Capital restated a "hold" rating on shares of GlaxoSmithKline plc in a research note on Friday, June 2nd.

Trading volume for GlaxoSmithKline PLC was 181K in the last trading session. The stock's 50 day moving average price is GBX 1,503.38 and its 200-day moving average price is GBX 1,606.97. The 50 day moving average was up $0.60 or +1.51% whereas the 200 day average was down by -3.32%. Deutsche Bank maintained GlaxoSmithKline plc (LON:GSK) on Thursday, April 27 with "Hold" rating. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of global copyright & trademark legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/09/22/glaxosmithkline-plc-gsk-stock-rating-reaffirmed-by-deutsche-bank-ag.html. This dividend amount will represent a yield of $4.93. The ex-dividend date is Thursday, May 11th.

In other news, insider Patrick Vallance bought 861 shares of the stock in a transaction on Friday, July 14th. Also, insider Manvinder Singh Banga bought 2,267 shares of the stock in a transaction on Wednesday, July 26th. The shares were acquired at an average cost of GBX 1,599 ($21.56) per share, for a total transaction of £36,249.33 ($48,873.30). The stock was acquired at an average price of GBX 2,072 ($26.75) per share, with a total value of £1,160.32 ($1,498.15). The Brandes Investment Partners Lp holds 3.15M shares with $121.29M value, down from 3.53 million last quarter.

The pharmaceutical business posted $0.70 EPS for the period, exceeding Thomson Reuters' average forecast of $0.68 by $0.02. the company reported sales of $9.36 B for the period, compared to analysts' anticipations of $9.52 B. GlaxoSmithKline had a net profit margin of 6.48% and a ROE of 114.93%. experts expect that GlaxoSmithKline to post $2.87 EPS for the full year. 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.



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