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

Galapagos NV (NASDAQ:GLPG) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $115.17.

GLPG has been the subject of several analyst reports. BTIG Research restated a “buy” rating and issued a $118.00 price objective on shares of Galapagos in a research note on Thursday. Stifel Nicolaus restated a “buy” rating and issued a $120.00 price objective on shares of Galapagos in a research note on Sunday, October 29th. BidaskClub upgraded Galapagos from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Galapagos from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine upgraded Galapagos from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.

Galapagos (NASDAQ GLPG) traded down $0.88 during trading hours on Friday, hitting $108.83. The stock had a trading volume of 165,560 shares, compared to its average volume of 104,241. The stock has a market cap of $5,856.71, a price-to-earnings ratio of -118.29 and a beta of 1.85. Galapagos has a 52-week low of $67.26 and a 52-week high of $121.09.

Hedge funds have recently modified their holdings of the business. Advisors Preferred LLC purchased a new stake in Galapagos in the 3rd quarter worth $105,000. Tower Research Capital LLC TRC increased its stake in shares of Galapagos by 7,340.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,488 shares of the biotechnology company’s stock worth $140,000 after purchasing an additional 1,468 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Galapagos during the second quarter worth about $166,000. Envestnet Asset Management Inc. increased its stake in shares of 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 purchasing an additional 1,063 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Galapagos during the second quarter worth about $214,000. Institutional investors and hedge funds own 19.71% 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.

Analyst Recommendations for Galapagos (NASDAQ:GLPG)

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