GSK (LON:GSK) Stock Rating Reaffirmed by JPMorgan Chase & Co.

GSK (LON:GSKGet Free Report)‘s stock had its “underweight” rating restated by JPMorgan Chase & Co. in a report released on Thursday, Marketbeat reports.

Several other research analysts have also recently weighed in on GSK. Citigroup restated a “neutral” rating and set a GBX 1,700 ($22.23) target price on shares of GSK in a report on Monday, June 26th. Shore Capital reissued a “buy” rating on shares of GSK in a research report on Friday, June 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,730 ($22.62) target price on shares of GSK in a research report on Monday, June 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,575 ($20.59) target price on shares of GSK in a research note on Monday, June 26th. Finally, Bank of America lowered their target price on shares of GSK from GBX 1,450 ($18.96) to GBX 1,390 ($18.17) in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 1,570 ($20.53).

GSK Stock Up 0.1 %

Shares of LON GSK opened at GBX 1,388.20 ($18.15) on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.73 and a debt-to-equity ratio of 184.80. The stock has a market capitalization of £56.78 billion, a PE ratio of 1,239.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.31. The stock’s fifty day simple moving average is GBX 1,378.06 and its two-hundred day simple moving average is GBX 1,422.71. GSK has a 12-month low of GBX 1,280.92 ($16.75) and a 12-month high of GBX 1,777.18 ($23.24).

Insider Transactions at GSK

In other news, insider Jonathan Symonds acquired 6,000 shares of GSK stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average price of GBX 1,440 ($18.83) per share, with a total value of £86,400 ($112,970.71). Insiders acquired a total of 6,027 shares of company stock worth $8,677,269 in the last quarter. 1.75% of the stock is owned by company insiders.

GSK Company Profile

(Get Free Report)

GSK plc, together with its subsidiaries, engages in the research, development and manufacture of vaccines and specialty medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare.

Further Reading

Analyst Recommendations for GSK (LON:GSK)

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