GSK (LON:GSK) PT Set at GBX 1,300 by UBS Group

GSK (LON:GSKGet Rating) received a GBX 1,300 ($14.97) price target from analysts at UBS Group in a research note issued on Friday, Borsen Zeitung reports. UBS Group’s target price would indicate a potential downside of 1.78% from the company’s current price.

Several other analysts also recently issued reports on GSK. Shore Capital reissued a “buy” rating on shares of GSK in a report on Wednesday, November 2nd. Berenberg Bank cut their price target on GSK from GBX 1,950 ($22.45) to GBX 1,580 ($18.19) and set a “buy” rating on the stock in a report on Wednesday, September 14th. Citigroup reissued a “neutral” rating and issued a GBX 1,975 ($22.74) price target on shares of GSK in a report on Thursday, July 21st. Barclays set a GBX 1,450 ($16.70) price target on GSK in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on GSK from GBX 1,900 ($21.88) to GBX 1,600 ($18.42) and set a “neutral” rating on the stock in a report on Tuesday, November 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, GSK presently has a consensus rating of “Hold” and an average target price of GBX 1,622 ($18.68).

GSK Trading Down 6.0 %

LON:GSK opened at GBX 1,323.60 ($15.24) on Friday. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 253.74. The business’s 50 day moving average is GBX 1,359.20 and its two-hundred day moving average is GBX 1,563.60. GSK has a 52 week low of GBX 1,280.92 ($14.75) and a 52 week high of GBX 2,746.59 ($31.62). The company has a market cap of £53.84 billion and a PE ratio of 1,214.31.

Insider Activity

In other news, insider Jonathan Symonds purchased 3,220 shares of the stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of GBX 1,324 ($15.24) per share, for a total transaction of £42,632.80 ($49,087.85). In the last ninety days, insiders have bought 3,237 shares of company stock worth $4,286,706.

About GSK

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GSK plc, together with its subsidiaries, engages in the creation, discovery, development, manufacture, and marketing of pharmaceutical products, vaccines, over-the-counter medicines, and health-related consumer products in the United Kingdom, the United States, and internationally. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare.

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