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UBS Remains a Hold on GlaxoSmithKline (GSK)

Tipranks - Tipranks - Wed Jun 10, 5:00AM CDT

UBS analyst Matthew Weston maintained a Hold rating on GlaxoSmithKline today and set a price target of £19.40.

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According to TipRanks, Weston is a 4-star analyst with an average return of 9.9% and a 69.72% success rate.

In addition to UBS, GlaxoSmithKline also received a Hold from Deutsche Bank ‘s Emmanuel Papadakis in a report issued yesterday. However, today, Barclays maintained a Sell rating on GlaxoSmithKline (LSE: GSK).

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Based on GlaxoSmithKline’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p7.63 billion and a net profit of p1.74 billion. In comparison, last year the company earned a revenue of p7.52 billion and had a net profit of p1.62 billion

Based on the recent corporate insider activity of 330 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GSK in relation to earlier this year.

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