GlaxoSmithKline (GSK) Gets a Hold from Citi
Citi analyst Graham Parry maintained a Hold rating on GlaxoSmithKline today and set a price target of £22.50.
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According to TipRanks, Parry is a 2-star analyst with an average return of 0.9% and a 60.00% success rate. Parry covers the Healthcare sector, focusing on stocks such as Roche Holding AG, AstraZeneca, and GlaxoSmithKline.
In addition to Citi, GlaxoSmithKline also received a Hold from Goldman Sachs’s Rajan Sharma in a report issued yesterday. However, on the same day, Jefferies maintained a Buy 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 316 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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