Shares of Galapagos NV (NASDAQ:GLPG) gapped up prior to trading on Monday . The stock had previously closed at $53.62, but opened at $53.80. Galapagos NV shares last traded at $54.51, with a volume of 14,295 shares changing hands.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Galapagos NV from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Wednesday, June 8th. Credit Suisse Group AG reiterated a “hold” rating and set a $48.00 target price on shares of Galapagos NV in a research report on Friday, June 17th. Morgan Stanley reiterated a “buy” rating and set a $89.00 target price on shares of Galapagos NV in a research report on Monday, May 2nd. Finally, Cowen and Company reiterated a “buy” rating on shares of Galapagos NV in a research report on Saturday, April 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Galapagos NV has an average rating of “Buy” and a consensus target price of €65.50 ($73.60).

The firm’s 50 day moving average price is $53.88 and its 200-day moving average price is $48.88. The company’s market capitalization is $2.51 billion.

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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