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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

London Stock Exchange
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Share Price: 1,715.00
Bid: 1,715.00
Ask: 1,715.50
Change: 10.00 (0.59%)
Spread: 0.50 (0.029%)
Open: 1,705.00
High: 1,717.00
Low: 1,695.50
Prev. Close: 1,705.00
GSK Live PriceLast checked at -

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GSK 'likely' to face HIV sales slowdown, UBS downgrades

Fri, 22nd Feb 2019 16:19

(Sharecast News) - UBS thinks GSK shares will struggle to perform in the near-term if there is nervousness around its ViiV HIV business. ViiV has been a major growth driver over the past few years and supported group earnings in the face of challenges such as the decline of Advair sales and a lack of pharma pipeline prospects.With rising competition on ViiV and patient switching into other treatments becoming "a real problem", there is now investor concern over ViiV performance in 2019, UBS said, coming at the same time as questions over whether the pharma division can deliver.Given the market's sensitivity to this, UBS analysts conclude that 2019 consensus estimates are "still slightly too high" and HIV revenues are now forecast to be "fairly flat", while "knock on impacts" further out result in a new target price of 1650p. We remain optimistic about the turnaround at GSK in the long-term but think the shares will struggle to perform in the near-term if there is nervousness around ViiV. We transfer coverage to Laura Sutcliffe and downgrade to Neutral."Dual therapy will be slow burn, 2019 is already here GSK hopes that its new products containing two drugs instead of the current norm of three can offer improved long term safety but doctors are wary of therapy de-intensification. Surveys conducted by GSK suggest that acceptance is increasing but it is clear there is a substantial confidence gap between GSK's position and the market's."The sales ramp-up predicted take time, "so can't provide a meaningful fix in '19".UBS downgraded the share to 'hold' from 'buy'.
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(Alliance News) - Stock prices in London were down at midday on Wednesday, in cautious trade ahead of key US data and central bank minutes in the afternoon.

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3 Jan 2024 11:07

Jefferies upgrades GSK to 'buy', cuts AstraZeneca to 'hold'

(Sharecast News) - Jefferies has upgraded its rating on GlaxoSmithKline to 'buy' and cut AstraZeneca to 'hold' as part of its review of the European pharma sector.

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3 Jan 2024 09:23

LONDON BROKER RATINGS: GSK raised to 'buy'; AstraZeneca cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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3 Jan 2024 08:58

LONDON MARKET OPEN: Stocks mixed pre-Fed minutes, amid Asia losses

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of US Federal Reserve meeting minutes and manufacturing PMI data for the US in the evening and afternoon respectively.

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3 Jan 2024 07:54

LONDON BRIEFING: Stocks to open flat pre-Fed minutes, jobs data

(Alliance News) - The FTSE 100 is expected to open flat on Wednesday, as London's flagship index celebrates its 40th anniversary, after mostly downbeat trading in Asia and a tech sell-off in New York.

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29 Dec 2023 13:01

LONDON MARKET CLOSE: UK equities outclassed by other markets in 2023

(Alliance News) - Stock prices in London closed mixed on Friday, the final trading day of 2023, as the annual returns from UK equities were outshone by international markets.

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20 Dec 2023 13:29

GSK buys rights to Hansoh Pharma antibody-drug conjugate

(Sharecast News) - GSK has agreed to buy the rights to an antibody-drug conjugate (ADC) - HS-20093 - from Chinese biopharmaceutical group Hansoh Pharma.

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19 Dec 2023 15:36

German court quashes CureVac patent after challenge by BioNTech

CureVac shares drop 40%Dispute over intellectual property with BioNTech to continue

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18 Dec 2023 17:21

Energy stocks lift UK's FTSE 100, Vodafone shines

Vodafone jumps as Iliad offers to merge Italian units

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18 Dec 2023 10:07

GSK's dostarlimab trial in endometrial cancer meets primary endpoint

(Alliance News) - GSK PLC on Monday said a trial of dostarlimab in combination with niraparib for treating endometrial cancer has met its primary endpoint.

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18 Dec 2023 07:55

LONDON BRIEFING: Games Workshop seals Amazon deal for Warhammer 40,000

(Alliance News) - Stocks in London were set to retreat slightly on Monday, in line with equity markets in Asia, at the start of the last week before the Christmas holidays.

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18 Dec 2023 07:18

GSK sees success in Jemperli endometrial cancer trial

(Sharecast News) - GSK released positive headline results from the planned analysis of its trial of Jemperli in endometrial cancer on Monday.

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17 Dec 2023 15:16

PRESS: GSK looks for deals in China as rebuilds relationship

(Alliance News) - The Financial Times on Sunday reported that GSK PLC is looking for some new deals in China.

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