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

Galapagos NV (NASDAQ:GLPG) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $101.00.

Several equities research analysts have recently commented on GLPG shares. BTIG Research reissued a “buy” rating and set a $98.00 target price on shares of Galapagos NV in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Galapagos NV from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Friday, July 14th. Instinet reiterated a “buy” rating and issued a $108.00 target price (down from $121.00) on shares of Galapagos NV in a research note on Thursday, June 22nd. Nomura dropped their target price on shares of Galapagos NV from $108.00 to $121.00 and set a “buy” rating on the stock in a research note on Thursday, June 22nd. Finally, Cowen and Company restated a “buy” rating on shares of Galapagos NV in a research note on Wednesday, June 21st.

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Galapagos NV (NASDAQ GLPG) traded up 3.28% during midday trading on Monday, reaching $83.72. The company had a trading volume of 160,092 shares. Galapagos NV has a 12 month low of $52.50 and a 12 month high of $94.88. The firm’s market capitalization is $4.26 billion. The firm’s 50-day moving average price is $77.64 and its 200 day moving average price is $79.02.

A number of hedge funds have recently bought and sold shares of GLPG. Bogle Investment Management L P DE purchased a new stake in Galapagos NV during the first quarter valued at about $368,000. Airain ltd bought a new position in shares of Galapagos NV during the first quarter worth approximately $237,000. Wellington Management Group LLP raised its position in shares of Galapagos NV by 9.5% in the first quarter. Wellington Management Group LLP now owns 458,088 shares of the biotechnology company’s stock worth $39,483,000 after buying an additional 39,729 shares during the last quarter. Bank of Montreal Can raised its position 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 buying an additional 1,922 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Galapagos NV during the first quarter worth approximately $942,000. Institutional investors and hedge funds own 19.99% of the company’s stock.

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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