Sell GlaxoSmithKline Pharmaceuticals with a target of Rs 1670: Centrum

Centrum Broking has Sell call on GlaxoSmithKline Pharmaceuticals Ltd. with a target price of Rs 1670 . The current market price of GlaxoSmithKline Pharmaceuticals Ltd. is 2738 . Time period given by the brokerage is a year when GlaxoSmithKline Pharmaceuticals Ltd. price can reach defined target. The brokerage said that with double-digit sales growth in three out of four quarters, it expects the company to perform well. It said it recommends a switch to other companies like Aurobindo or Sanofi, due to rich valuations.