Galapagos (GLPG) Stock Rating Upgraded by BidaskClub

Galapagos (NASDAQ:GLPG) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

A number of other research analysts also recently issued reports on GLPG. Zacks Investment Research downgraded Galapagos from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded Galapagos from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Royal Bank of Canada assumed coverage on Galapagos in a report on Thursday, September 14th. They set a “sector perform” rating and a $98.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 price target (up from $92.00) on shares of Galapagos in a report on Friday, October 6th. Finally, Stifel Nicolaus upped their price target on Galapagos from $101.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $111.00.

Shares of Galapagos (NASDAQ:GLPG) traded down $0.98 during trading hours on Friday, hitting $93.76. The stock had a trading volume of 62,253 shares, compared to its average volume of 107,429. The company has a market capitalization of $4,825.75, a P/E ratio of -101.91 and a beta of 1.57. Galapagos has a 1 year low of $63.69 and a 1 year high of $104.12.

Hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC bought a new position in Galapagos in the third quarter valued at about $105,000. New York State Common Retirement Fund bought a new position in Galapagos in the second quarter valued at about $166,000. Pacad Investment Ltd. bought a new position in Galapagos in the second quarter valued at about $168,000. Envestnet Asset Management Inc. lifted its holdings in Galapagos by 156.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,742 shares of the biotechnology company’s stock valued at $177,000 after acquiring an additional 1,063 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Galapagos in the second quarter valued at about $214,000. 19.68% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Galapagos (NASDAQ:GLPG)

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