Galapagos NV (GLPG) Given Consensus Recommendation of “Buy” by Analysts

Galapagos NV (NASDAQ:GLPG) has received an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $101.50.

Several research firms have weighed in on GLPG. Stifel Nicolaus upgraded shares of Galapagos NV from a “hold” rating to a “buy” rating and increased their price target for the stock from $83.00 to $101.00 in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Galapagos NV from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, July 14th. TheStreet upgraded shares of Galapagos NV from a “d+” rating to a “c” rating in a research report on Wednesday, May 17th. BTIG Research reiterated a “buy” rating and issued a $98.00 price target on shares of Galapagos NV in a research report on Tuesday, June 20th. Finally, BidaskClub upgraded shares of Galapagos NV from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Galapagos NV in the first quarter worth $161,000. Acadian Asset Management LLC purchased a new stake in shares of Galapagos NV in the second quarter worth $166,000. New York State Common Retirement Fund purchased a new stake in shares of Galapagos NV in the second quarter worth $166,000. Bank of Montreal Can increased its stake in shares of Galapagos NV by 8,736.4% in the first quarter. Bank of Montreal Can now owns 1,944 shares of the biotechnology company’s stock worth $168,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Galapagos NV in the second quarter worth $168,000. 23.63% of the stock is owned by hedge funds and other institutional investors.

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Shares of Galapagos NV (NASDAQ GLPG) traded down 0.30% during mid-day trading on Tuesday, hitting $100.56. The stock had a trading volume of 116,747 shares. The stock’s market cap is $5.12 billion. The firm’s 50-day moving average price is $85.67 and its 200 day moving average price is $82.58. Galapagos NV has a 12-month low of $53.93 and a 12-month high of $100.75.

Galapagos NV Company Profile

Galapagos NV is a Belgium-based biotechnology company. The Company’s activities are divided into two operating divisions: Research and Development (R & D) and Services. The R & D division is engaged in the discovery and development of small molecules. The Services division, offers target-to-drug discovery products and services to pharmaceutical and biotechnology companies and to patient foundations, encompassing target discovery and validation, screening and drug discovery through to delivery of pre-clinical candidates.

Analyst Recommendations for Galapagos NV (NASDAQ:GLPG)

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