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GlaxoSmithKline (GSK) Gets a Sell from J.P. Morgan

Tipranks - Tipranks - Tue Apr 21, 5:46AM CDT

J.P. Morgan analyst Zain Ebrahim maintained a Sell rating on GlaxoSmithKline today and set a price target of £17.00.

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According to TipRanks, Ebrahim is ranked #10823 out of 12161 analysts.

In addition to J.P. Morgan, GlaxoSmithKline also received a Sell from Barclays’s James Gordon CFA in a report issued on April 14. However, on the same day, Citi maintained a Hold rating on GlaxoSmithKline (LSE: GSK).

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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 328 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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