Galapagos NV (GLPG) Receives “Buy” Rating from BTIG Research
Galapagos NV (NASDAQ:GLPG)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a research note issued on Monday. They currently have a $118.00 price objective on the biotechnology company’s stock. BTIG Research’s price objective would suggest a potential upside of 26.35% from the company’s current price.
Several other research analysts have also recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $120.00 price objective on shares of Galapagos NV in a research report on Sunday, October 29th. Zacks Investment Research raised Galapagos NV from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Morgan Stanley reissued an “overweight” rating and issued a $123.00 target price (up from $92.00) on shares of Galapagos NV in a research report on Friday, October 6th. Royal Bank Of Canada began coverage on Galapagos NV in a research report on Thursday, September 14th. They issued a “sector perform” rating and a $98.00 target price for the company. Finally, BidaskClub raised Galapagos NV from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $111.00.
Galapagos NV (GLPG) traded up $2.56 during trading hours on Monday, hitting $93.39. The stock had a trading volume of 121,500 shares, compared to its average volume of 153,645. Galapagos NV has a twelve month low of $57.16 and a twelve month high of $104.12.
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About Galapagos NV
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.
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