• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Recommendations

Feb 16, 2017, 11.28 AM | Source: Moneycontrol.com

Hold Glaxosmithkline; target of Rs 5773: Edelweiss

Edelweiss recommended hold rating on Glaxosmithkline with a target price of Rs 5773 in its research report dated February 13, 2017.

Like this story, share it with millions of investors on M3

Hold Glaxosmithkline; target of Rs 5773: Edelweiss

Edelweiss recommended hold rating on Glaxosmithkline with a target price of Rs 5773 in its research report dated February 13, 2017.

Post Your Comments

Share Cancel

(more)

, Edelweiss |


Edelweiss' research report on Glaxosmithkline

GSK Consumer’s (GSK) Q3FY17 revenue (down 11.7% YoY) came in line, while EBITDA (down 9.5%) and PAT (down 8.3%) slightly surpassed our estimates. Domestic health food drinks’ (HFD) and overall company volumes plummeted 17% YoY.

Outlook

In our view, this also reflects increased competition from Patanjali Powervita, Sri Sri Ojasvita and substitutes such as Hershey’s syrup. Gross margin fell 93bps YoY as commodity prices (especially milk, sugar) have started inching up. A&P spends remained soft yet again—down 26.1% and 213bps YoY as percentage of sales. Maintain ‘HOLD’.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Hold Glaxosmithkline; target of Rs 5773: Edelweiss

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login