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GlaxoSmithKline (GSK) Receives a Buy from Bernstein

Tipranks - Fri Mar 20, 3:50PM CDT

In a report released yesterday, Justin Smith from Bernstein maintained a Buy rating on GlaxoSmithKline, with a price target of £27.50. The company’s shares closed today at p1,972.50.

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Smith covers the Healthcare sector, focusing on stocks such as Roche Holding AG, GlaxoSmithKline, and AstraZeneca. According to TipRanks, Smith has an average return of 12.7% and a 70.83% success rate on recommended stocks.

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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