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J.P. Morgan Keeps Their Sell Rating on GlaxoSmithKline (GSK)

Tipranks - Tipranks - Wed Jun 10, 7:40AM CDT

In a report released today, Zain Ebrahim from J.P. Morgan maintained a Sell rating on GlaxoSmithKline, with a price target of £17.00.

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According to TipRanks, Ebrahim is ranked #9613 out of 12235 analysts.

In addition to J.P. Morgan, GlaxoSmithKline also received a Sell from Barclays’s James Gordon CFA in a report issued today. However, on the same day, UBS maintained a Hold 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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