Sunday, 09 May, 2021


GlaxoSmithKline's (GSK) Neutral Rating Reiterated at Citigroup

Conrad Doyle | 29 December, 2017, 09:16

After the giving short look at one day return of GlaxoSmithKline plc (GSK) it is observed that GSK reported a increase of 0.54% return in last trading session. Current trade price levels places GSK's stock about -20.15% away from the 52-week high and closed 3.01% away from the 52-week low. PVG Asset Management Corp's holdings in GlaxoSmithKline were worth $2,214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in GlaxoSmithKline by 1.9% during the 2nd quarter. King Luther Capital Management Corp now owns 5,432 shares of the pharmaceutical company's stock worth $234,000 after acquiring an additional 55 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in GlaxoSmithKline by 1.9% during the second quarter. A 14 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:ADI) or, if they already own its stock, sell it. Finally, Parallel Advisors LLC grew its holdings in shares of GlaxoSmithKline by 93.4% in the 2nd quarter. Strategic Global Advisors LLC now owns 12,179 shares of the pharmaceutical company's stock worth $525,000 after buying an additional 75 shares during the last quarter. Proficio Capital Partners LLC raised its position in GlaxoSmithKline by 16.1% in the 2nd quarter. FTB Advisors Inc. now owns 3,735 shares of the pharmaceutical company's stock worth $146,000 after acquiring an additional 539 shares during the period.

GlaxoSmithKline plc (GSK) price traded at a gap of 0.88% from an average price of last twenty days and stands at a distance of -1.96% away from it's an average price of recent fifty days. Overall, 3.97 Million shares exchanged hands versus its average trading volume of 5.26 Million shares. GlaxoSmithKline plc has a 12-month low of $34.52 and a 12-month high of $44.53. The stock's market capitalization is GBX 81.68 billion.

The firm also recently disclosed a dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, November 10th will be given a $0.5037 dividend. The ex-dividend date is Thursday, November 9th. This represents a $2.01 annualized dividend and a dividend yield of 5.67%. Shares are clocking price at $35.56 with change of 0.54%. GlaxoSmithKline's dividend payout ratio (DPR) is now 163.12%.

Citigroup reissued their neutral rating on shares of GlaxoSmithKline (LON:GSK) in a research report report published on Wednesday, December 13th.

GlaxoSmithKline plc (GSK) is expected to post revenue of $10.04 Billion in the current quarter, according to consensus of 4 analysts. Goldman Sachs Group set a GBX 1,775 ($23.73) price target on shares of GlaxoSmithKline and gave the company a buy rating in a research report on Friday, December 1st. Morgan Stanley cut their price objective on shares of GlaxoSmithKline from GBX 1,450 ($19.39) to GBX 1,400 ($18.72) and set an underweight rating for the company in a research report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company's stock. Cowen's target price suggests a potential upside of 7.04% from the company's current price. The shares were sold at an average price of GBX 1,624 ($20.96), for a total transaction of £535,855.04 ($691,693.61).

Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future.

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The other 1, though not evenly; between analysts who think you should buy GlaxoSmithKline plc versus those who think you should sell it.

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