Societe Generale Initiates Coverage on GlaxoSmithKline (GSK)
Shares of GlaxoSmithKline traded up 0.70% during mid-day trading on Thursday, hitting $45.82. GlaxoSmithKline has a 52 week low of $38.76 and a 52 week high of $47.48. The company has a market cap of $113.7 billion and a P/E ratio of 14.12.
GlaxoSmithKline last announced its earnings results on Wednesday, April 25th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.02. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that GlaxoSmithKline will post $0.93 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of GlaxoSmithKline in a research note to investors on Monday, April 30th. They now have a $49.00 price target on the stock.
GlaxoSmithKline plc (GSK) is global healthcare group, which 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.