Economy

The Societe Generale Reiterates "Sell" Rating for GlaxoSmithKline plc (GSK)

Deutsche Bank AG reiterated a "hold" rating and set a GBX 1,610 ($21.25) price target on shares of GlaxoSmithKline plc in a research note on Wednesday, October 11th.

Other equities analysts also recently issued reports about the company.

Barclays PLC restated their equal weight rating on shares of GlaxoSmithKline plc (LON:GSK) in a report published on Friday morning. Bryan, Garnier & Co reissued a "buy" rating on shares of GlaxoSmithKline plc in a research report on Thursday, July 28th. Argus Research has "Buy" rating and $50 target.

After a recent scan, shares of Glaxosmithkline Plc (GSK.L) have been seen trading above the Chikou. The company has a market cap of $90.06 billion, a price-to-earnings ratio of 35.7051 and a beta of 1.03.

1 number of analysts have estimated the sales of the company for the quarter ending Feb 1, 2017- Feb 6, 2017, analysts estimated mean sale target of 10602.1 million while high and low sale targets are estimated at 10602.1 million and 10602.1 million respectively. The company has a 50-day moving average of GBX 1,644.81 and a 200 day moving average of GBX 1,583.02.

GlaxoSmithKline plc (NYSE:GSK) closed its last session at $36.69. The company reported GBX 32.50 ($0.43) earnings per share for the quarter, topping the consensus estimate of GBX 31.80 ($0.42) by GBX 0.70 ($0.01).

GlaxoSmithKline plc (GSK) is expected to post revenue of $10.07 Billion in the current quarter, according to consensus of 4 analysts. GlaxoSmithKline plc had a negative net margin of 1.17% and a negative return on equity of 57.19%.

COPYRIGHT VIOLATION WARNING: "Paragon Capital Management Ltd Invests $263,000 in GlaxoSmithKline PLC (GSK)" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune.

The company also recently announced a dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, November 10th will be issued a $0.5037 dividend. The ex-dividend date is Thursday, November 9th. The dividend payment was $0.498 per share for the quarter which is $1.99 annualized. This is an increase from GlaxoSmithKline plc's previous quarterly dividend of $0.49. According to today's trading volume GlaxoSmithKline plc is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Kahn Brothers Group Inc increased Glaxosmithkline (GSK) stake by 0.39% reported in 2017Q2 SEC filing. New York Community (NYSE:NYCB) was reduced too. Proficio Capital Partners LLC now owns 2,844 shares of the pharmaceutical company's stock worth $122,000 after acquiring an additional 1,990 shares in the last quarter. Zevin Asset Management LLC owns 55,256 shares with a value of $2,243,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in GlaxoSmithKline plc by 1.9% in the second quarter.

The company is trading up since yesterday's close of 36.23. As of quarter end Financial Architects, Inc had sold a total of 11 shares trimming its position 1.0%. The value of the company's investment in GlaxoSmithKline PLC went from $9,269,000 to $8,565,000 decreasing 7.6% for the reporting period. The Firm operates through three divisions: 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. Short traders are feeling a little more bearish on shares of the company if you evaluate the change in short interest.



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