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Home / Momentum / GlaxoSmithKline (GSK.L) 15-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

GlaxoSmithKline (GSK.L) 15-04-20

GlaxoSmithKline (GSK.L) has been in a strong uptrend. Will it continue to set new recent highs?

  • Priced at 1590.4p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -13% from 12-month highs; +15% from 12 month lows.

Latest News

14 Apr:  GlaxoSmithKline announced that it intends to work with rival pharmaceutical company Sanofi to create a Covid-19 vaccine.

06 Apr:  GlaxoSmithKline said it will buy a share of Vir Biotechnology for $250m as part of a larger collaboration to create treatment solutions for coronaviruses, including SARS-CoV-2.

01 Apr:  DZ Bank reiterates its buy rating on GlaxoSmithKline (GSK) and reduced the target price to 1900p (from 2000p).

01 Apr:  GlaxoSmithKline completed the  sale of Indian consumer healthcare businesses, including the Horlicks brands, to Unilever.

31 Mar:  Oddo reiterates its neutral rating on GlaxoSmithKline (GSK) and reduced the target price to 1530p (from 1830p).

17 Mar:  Barclays Capital reiterates its underweight rating on GlaxoSmithKline (GSK) and reduced the target price to 1450p (from 1550p).

03 Mar:  Morgan Stanley reiterates its underweight rating on GlaxoSmithKline (GSK) and reduced the target price to 1725p (from 1740p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

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