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How GlaxoSmithKline Stock Has Performed in September

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About GlaxoSmithKline

GlaxoSmithKline (GSK), a global pharmaceutical company, is focused on creating a sustainable growth model through expanding its business beyond pharmaceuticals. GlaxoSmithKline reports its financial statements in sterling pounds. GlaxoSmithKline ADR fell marginally by ~0.1% as compared to its previous close to the closing price of $40.51 on September 27.

The above chart shows the changes in analysts’ recommendations for GlaxoSmithKline since January 2018.

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GlaxoSmithKline’s performance

GlaxoSmithKline ADR’s price has been nearly flat in September 2018 to date, while the stock price has decreased by nearly 2.1% over the last one month. GlaxoSmithKline also reported a 0.3% increase in its price over the last 12 months and a 14.2% increase in its price in 2018 year-to-date.

Analyst estimates suggest the stock could rise ~6.3% over the next 12 months. Wall Street analysts have given the stock a 12-month target price of $43.06 per share as compared to its price of $40.51 per share on September 27, 2018.

Analyst recommendations

As of September 28, 2018, there are five analysts tracking GlaxoSmithKline ADR listed on the NYSE. One analyst recommends a “strong buy,” while four analysts recommend a “hold.” The consensus rating for GlaxoSmithKline stands at 2.60, which represents a hold for investors.

GlaxoSmithKline stock listed on the London Stock Exchange has risen ~3.8% in the last 12 months and 16.6% in 2018 year-to-date. 25 analysts are tracking GlaxoSmithKline stock listed on the London Stock Exchange. Three of these analysts recommend a “strong buy,” nine analysts recommend a “buy,” 12 analysts recommend a “hold,” and one analyst recommends a “sell.” The consensus rating for GlaxoSmithKline stock stands at 2.44, representing a “buy” for value investors.

The Invesco Zacks Multi-Asset Income ETF (CVY) holds 0.7% of its portfolio in GlaxoSmithKline (GSK), 1.0% in Gilead Sciences (GILD), 1.0% in Cardinal Health (CAH), and 1.1% in Amgen (AMGN).

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