GlaxoSmithKline (GSK) Gets a Sell from Barclays
Barclays analyst James Gordon CFA maintained a Sell rating on GlaxoSmithKline today and set a price target of £18.00.
Claim 55% Off TipRanks
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
Gordon CFA covers the Healthcare sector, focusing on stocks such as GlaxoSmithKline, Galderma Group AG, and AstraZeneca. According to TipRanks, Gordon CFA has an average return of 4.3% and a 50.00% success rate on recommended stocks.
In addition to Barclays, GlaxoSmithKline also received a Sell from J.P. Morgan’s Zain Ebrahim in a report issued on June 9. However, on June 15, UBS maintained a Hold 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 327 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.
Read More on GB:GSK:
Disclaimer & DisclosureReport an Issue
- CMS proposes to lock in lower prices in Medicare drug price negotiation program
- GSK Expands Share Buyback, Lifts Treasury Holding to 6.64% of Voting Rights
- GSK announces momelotinib granted ODD from U.S. FDA, EMA
- GSK’s momelotinib wins US and EU orphan status for rare VEXAS syndrome
- GSK Executives Acquire Shares Under Company Reward Plan
