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GlaxoSmithKline (GSK) was upgraded to a Hold Rating at Intron Health

Tipranks - Thu Jun 11, 12:28PM CDT

In a report released today, from Intron Health upgraded GlaxoSmithKline to a Hold, with a price target of p2,000.00.

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In addition to Intron Health, GlaxoSmithKline also received a Hold from UBS’s Matthew Weston in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on GlaxoSmithKline (LSE: GSK).

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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