Galapagos (GLPG) Upgraded by BidaskClub to “Buy”

Galapagos (NASDAQ:GLPG) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other equities analysts have also recently issued research reports about the company. BTIG Research reiterated a “buy” rating and issued a $118.00 price target on shares of Galapagos in a report on Monday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 price target on shares of Galapagos in a report on Sunday, October 29th. Zacks Investment Research upgraded Galapagos from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $123.00 price target (up previously from $92.00) on shares of Galapagos in a report on Friday, October 6th. Finally, ValuEngine cut Galapagos from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $111.00.

Shares of Galapagos (GLPG) traded down $0.17 during trading hours on Wednesday, hitting $118.22. The stock had a trading volume of 92,942 shares, compared to its average volume of 102,408. Galapagos has a 52 week low of $63.69 and a 52 week high of $121.09. The firm has a market capitalization of $6,030.00, a price-to-earnings ratio of -128.50 and a beta of 0.75.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC bought a new position in Galapagos during the third quarter worth about $105,000. Envestnet Asset Management Inc. boosted its holdings in Galapagos by 156.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,742 shares of the biotechnology company’s stock worth $177,000 after buying an additional 1,063 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Galapagos during the third quarter worth about $218,000. New York State Common Retirement Fund bought a new position in Galapagos during the second quarter worth about $166,000. Finally, Belpointe Asset Management LLC bought a new position in Galapagos during the third quarter worth about $281,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

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Galapagos 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 (NASDAQ:GLPG)

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