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GlaxoSmithKline (GSK) Receives a Sell from Barclays

Tipranks - Thu Mar 19, 6:30AM CDT

Barclays analyst James Gordon CFA maintained a Sell rating on GlaxoSmithKline today and set a price target of £19.00.

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According to TipRanks, Gordon CFA is a 3-star analyst with an average return of 5.3% and a 48.28% success rate. Gordon CFA covers the Healthcare sector, focusing on stocks such as Novo Nordisk, GlaxoSmithKline, and Galderma Group AG.

Currently, the analyst consensus on GlaxoSmithKline is a Hold with an average price target of p2,044.55.

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 329 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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