The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) is a huge mover today! About 2.15M shares traded hands. GlaxoSmithKline plc (ADR) (NYSE:GSK) has risen 5.06% since March 11, 2016 and is uptrending. It has underperformed by 0.40% the S&P500.
The move comes after 5 months negative chart setup for the $100.60 billion company. It was reported on Oct, 14 by Barchart.com. We have $38.91 PT which if reached, will make NYSE:GSK worth $7.04 billion less.
Analysts await GlaxoSmithKline plc (ADR) (NYSE:GSK) to report earnings on October, 26. They expect $0.77 earnings per share, up 8.45% or $0.06 from last year’s $0.71 per share. GSK’s profit will be $1.85 billion for 13.58 P/E if the $0.77 EPS becomes a reality. After $0.70 actual earnings per share reported by GlaxoSmithKline plc (ADR) for the previous quarter, Wall Street now forecasts 10.00% EPS growth.
GlaxoSmithKline plc (ADR) (NYSE:GSK) Ratings Coverage
Out of 10 analysts covering GlaxoSmithKline (NYSE:GSK), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. GlaxoSmithKline has been the topic of 15 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, October 20 by Credit Suisse. The firm has “Underperform” rating given on Wednesday, September 14 by BNP Paribas. The firm has “Buy” rating by Jefferies given on Thursday, July 14. The rating was maintained by Argus Research on Friday, August 12 with “Buy”. The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) has “Buy” rating given on Wednesday, December 9 by Bank of America. The firm has “Neutral” rating by Bank of America given on Tuesday, September 8. The rating was upgraded by BNP Paribas on Tuesday, September 15 to “Neutral”. The firm has “Buy” rating by Bryan Garnier & Cie given on Wednesday, January 27. On Monday, October 12 the stock rating was upgraded by JP Morgan to “Neutral”. Argus Research maintained it with “Buy” rating and $48 target price in Monday, December 7 report.
According to Zacks Investment Research, “GlaxoSmithKline is one of the world’s leading research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more, feel better and live longer. They also have leadership in four major therapeutic areas: anti-infectives, central nervous system (CNS), respiratory and gastro-intestinal/metabolic.”
More important recent GlaxoSmithKline plc (ADR) (NYSE:GSK) news were published by: Businessfinancenews.com which released: “GlaxoSmithKline plc (ADR) Earning Release; Here’s What to Expect” on July 26, 2016, also Businessfinancenews.com published article titled: “Can GlaxoSmithKline plc (ADR) Subsist Advair’s Patent Expiry”, Businessfinancenews.com published: “GlaxoSmithKline plc (ADR) Moves Ahead in COPD Treatment” on May 26, 2016. More interesting news about GlaxoSmithKline plc (ADR) (NYSE:GSK) was released by: Businessfinancenews.com and their article: “Here is How the US Congress Bill Benefit GlaxoSmithKline plc (ADR), Inovio …” with publication date: April 14, 2016.
GSK Company Profile
GlaxoSmithKline plc (GSK), incorporated on December 6, 1999, is a healthcare company. The Firm is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. GSK’s principal pharmaceutical products include medicines in various therapeutic areas, such as respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, dermatology, rare diseases, immuno-inflammation, vaccines and human immunodeficiency virus (HIV). The Company’s divisions include Pharmaceuticals, Pharmaceuticals R&D, Vaccines and Consumer Healthcare.
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