Galapagos (NASDAQ:GLPG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also commented on the stock. Nomura raised their price objective on shares of Galapagos from $108.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Galapagos from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and set a $120.00 target price on shares of Galapagos in a report on Sunday, October 29th. Morgan Stanley restated an “overweight” rating and set a $123.00 target price (up from $92.00) on shares of Galapagos in a report on Friday, October 6th. Finally, Royal Bank Of Canada started coverage on shares of Galapagos in a report on Thursday, September 14th. They set a “sector perform” rating and a $98.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Galapagos currently has a consensus rating of “Hold” and a consensus price target of $111.00.

Galapagos (GLPG) traded down $0.93 during midday trading on Friday, hitting $87.25. 86,505 shares of the company were exchanged, compared to its average volume of 76,725. Galapagos has a fifty-two week low of $57.86 and a fifty-two week high of $104.12.

A number of large investors have recently modified their holdings of GLPG. Advisors Preferred LLC bought a new stake in Galapagos during the third quarter worth approximately $105,000. New York State Common Retirement Fund bought a new stake in Galapagos during the second quarter worth approximately $166,000. Acadian Asset Management LLC bought a new stake in Galapagos during the second quarter worth approximately $166,000. Pacad Investment Ltd. bought a new stake in Galapagos during the second quarter worth approximately $168,000. Finally, Envestnet Asset Management Inc. boosted its stake in Galapagos by 156.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,742 shares of the biotechnology company’s stock worth $177,000 after purchasing an additional 1,063 shares during the period. Hedge funds and other institutional investors own 19.73% of the company’s stock.

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About Galapagos

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Galapagos (NASDAQ:GLPG)

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