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GlaxoSmithKline plc 3.9% Potential Decrease Indicated by Deutsche Bank

GlaxoSmithKline plc using EPIC/TICKER code (LON:GSK) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today 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 1645 GBX on its stock. This would imply the analyst believes there is a potential downside of -3.9% from today’s opening price of 1712 GBX. Over the last 30 and 90 trading days the company share price has increased 49.2 points and increased 173 points respectively. The 1 year high stock price is 1749.4 GBX while the 52 week low for the stock is 1408.8 GBX.

GlaxoSmithKline plc has a 50 day moving average of 1,668.45 GBX and the 200 Day Moving Average price is recorded at 1,576.88. There are currently 4,988,423,784 shares in issue with the average daily volume traded being 8,230,196. Market capitalisation for LON:GSK is £86,966,586,049 GBP.