Galapagos NV (GLPG) PT Raised to $124.00 at Nomura
Galapagos NV (NASDAQ:GLPG) had its target price lifted by stock analysts at Nomura from $108.00 to $124.00 in a report issued on Friday. The firm presently has a “buy” rating on the biotechnology company’s stock. Nomura’s target price suggests a potential upside of 52.97% from the stock’s current price.
Other analysts also recently issued reports about the company. Cowen and Company reiterated a “buy” rating on shares of Galapagos NV in a research report on Thursday. Morgan Stanley restated an “overweight” rating and issued a $92.00 price objective on shares of Galapagos NV in a report on Thursday. Stifel Nicolaus upgraded Galapagos NV from a “hold” rating to a “buy” rating and lifted their price objective for the company from $83.00 to $101.00 in a report on Friday. BTIG Research restated a “buy” rating and issued a $98.00 price objective on shares of Galapagos NV in a report on Tuesday, June 20th. Finally, Janney Montgomery Scott upgraded Galapagos NV from a “sell” rating to a “neutral” rating in a report on Friday, July 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $96.14.
Shares of Galapagos NV (NASDAQ:GLPG) traded up 3.63% on Friday, reaching $84.00. 261,325 shares of the company’s stock were exchanged. Galapagos NV has a one year low of $52.50 and a one year high of $94.88. The stock’s market cap is $4.27 billion. The company’s 50 day moving average is $77.64 and its 200-day moving average is $79.02.
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Large investors have recently modified their holdings of the company. UBS Group AG raised its stake in shares of Galapagos NV by 237.0% in the first quarter. UBS Group AG now owns 3,522 shares of the biotechnology company’s stock worth $303,000 after buying an additional 2,477 shares during the last quarter. Cim Investment Mangement Inc. acquired a new stake in shares of Galapagos NV during the first quarter worth $203,000. Marshall Wace North America L.P. acquired a new stake in shares of Galapagos NV during the first quarter worth $989,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Galapagos NV during the first quarter worth $989,000. Finally, Bogle Investment Management L P DE acquired a new stake in shares of Galapagos NV during the first quarter worth $368,000. Institutional investors and hedge funds own 19.99% of the company’s stock.
Galapagos NV 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.
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