Galapagos (NASDAQ:GLPG) Given “Buy” Rating at BTIG Research

BTIG Research restated their buy rating on shares of Galapagos (NASDAQ:GLPG) in a report published on Monday, November 20th. BTIG Research currently has a $118.00 target price on the biotechnology company’s stock.

A number of other research analysts have also recently issued reports on GLPG. Stifel Nicolaus upgraded shares of Galapagos from a hold rating to a buy rating and lifted their target price for the company from $83.00 to $101.00 in a research note on Friday, August 11th. Cowen reiterated a buy rating on shares of Galapagos in a research note on Thursday, August 10th. Morgan Stanley reiterated an overweight rating and issued a $92.00 target price on shares of Galapagos in a research note on Thursday, August 10th. BidaskClub cut shares of Galapagos from a hold rating to a sell rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research raised shares of Galapagos from a sell rating to a hold rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $111.00.

Shares of Galapagos (GLPG) traded down $0.40 on Monday, reaching $85.07. 79,254 shares of the company’s stock were exchanged, compared to its average volume of 149,177. Galapagos has a 1 year low of $57.92 and a 1 year high of $104.12.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Investors Inc. PA grew its holdings in Galapagos by 36.8% during the 2nd quarter. Federated Investors Inc. PA now owns 1,364,600 shares of the biotechnology company’s stock worth $104,419,000 after acquiring an additional 366,800 shares during the period. EcoR1 Capital LLC grew its holdings in Galapagos by 5.0% during the 2nd quarter. EcoR1 Capital LLC now owns 578,505 shares of the biotechnology company’s stock worth $44,267,000 after acquiring an additional 27,464 shares during the period. Orbimed Advisors LLC grew its holdings in Galapagos by 84.8% during the 3rd quarter. Orbimed Advisors LLC now owns 523,790 shares of the biotechnology company’s stock worth $53,296,000 after acquiring an additional 240,290 shares during the period. Renaissance Technologies LLC grew its holdings in Galapagos by 49.5% during the 2nd quarter. Renaissance Technologies LLC now owns 465,300 shares of the biotechnology company’s stock worth $35,605,000 after acquiring an additional 154,100 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Galapagos by 0.6% during the second quarter. Goldman Sachs Group Inc. now owns 202,173 shares of the biotechnology company’s stock worth $15,471,000 after purchasing an additional 1,235 shares in the last quarter. 19.71% of the stock is owned by hedge funds and other institutional investors.

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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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