Galapagos NV (GLPG) Given “Buy” Rating at Stifel Nicolaus
Stifel Nicolaus reiterated their buy rating on shares of Galapagos NV (NASDAQ:GLPG) in a research note published on Sunday morning. Stifel Nicolaus currently has a $120.00 target price on the biotechnology company’s stock.
Other analysts also recently issued reports about the stock. Morgan Stanley restated an overweight rating and issued a $92.00 target price on shares of Galapagos NV in a report on Thursday, August 10th. Cowen and Company restated a buy rating on shares of Galapagos NV in a report on Thursday, August 10th. Janney Montgomery Scott upgraded shares of 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. BidaskClub upgraded shares of Galapagos NV from a sell rating to a hold rating in a report on Thursday, August 17th. Finally, Nomura boosted their target price on shares of Galapagos NV from $108.00 to $124.00 and gave the stock a buy rating in a report on Friday, August 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $108.14.
Shares of Galapagos NV (NASDAQ:GLPG) traded down 0.12% on Friday, hitting $97.05. The stock had a trading volume of 96,718 shares. Galapagos NV has a 12 month low of $57.16 and a 12 month high of $104.12.
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A number of large investors have recently modified their holdings of GLPG. Karp Capital Management Corp bought a new position in Galapagos NV during the 1st quarter valued at about $206,000. UBS Group AG grew its holdings in Galapagos NV by 237.0% during the 1st quarter. UBS Group AG now owns 3,522 shares of the biotechnology company’s stock valued at $303,000 after purchasing an additional 2,477 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Galapagos NV by 51.4% during the 1st quarter. Renaissance Technologies LLC now owns 311,200 shares of the biotechnology company’s stock valued at $26,822,000 after purchasing an additional 105,700 shares during the last quarter. Bank of America Corp DE grew its holdings in Galapagos NV by 18.8% during the 1st quarter. Bank of America Corp DE now owns 4,379 shares of the biotechnology company’s stock valued at $377,000 after purchasing an additional 694 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Galapagos NV during the 1st quarter valued at about $942,000. Institutional investors own 23.61% 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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