Goldman Sachs Sticks to Their Hold Rating for GlaxoSmithKline (GSK)
Goldman Sachs analyst Rajan Sharma maintained a Hold rating on GlaxoSmithKline today and set a price target of £19.20.
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According to TipRanks, Sharma is a 2-star analyst with an average return of 0.7% and a 50.53% success rate. Sharma covers the Healthcare sector, focusing on stocks such as AstraZeneca, Immunocore Holdings, and Valneva.
In addition to Goldman Sachs, GlaxoSmithKline also received a Hold from UBS’s Matthew Weston in a report issued on April 10. However, on April 7, Barclays maintained a Sell rating on GlaxoSmithKline (LSE: GSK).
Based on GlaxoSmithKline’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p8.62 billion and a net profit of p636 million. In comparison, last year the company earned a revenue of p8.12 billion and had a net profit of p414 million
Based on the recent corporate insider activity of 317 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GSK in relation to earlier this year.
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