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GlaxoSmithKline plc 3.2% Potential Decrease Indicated by Deutsche Bank

Broker Ratings
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GlaxoSmithKline plc using EPIC/TICKER code (LON:GSK) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Deutsche Bank. GlaxoSmithKline plc are listed in the Health Care sector within UK Main Market. Deutsche Bank have set a target price of 1620 GBX on its stock. This is indicating the analyst believes there is a potential downside of -3.2% from today’s opening price of 1674.4 GBX. Over the last 30 and 90 trading days the company share price has increased 87.2 points and increased 107.2 points respectively. The 1 year high share price is 1701.6 GBX while the year low stock price is currently 1408.8 GBX.

GlaxoSmithKline plc has a 50 day moving average of 1,606.80 GBX and the 200 Day Moving Average price is recorded at 1,559.54. There are currently 4,988,152,200 shares in issue with the average daily volume traded being 8,860,260. Market capitalisation for LON:GSK is £83,601,832,749 GBP.

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