Galapagos (GLPG) Lowered to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Galapagos (NASDAQ:GLPG) from a sell rating to a strong sell rating in a research note released on Saturday.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus lifted their price target on Galapagos from $101.00 to $120.00 and gave the company a buy rating in a report on Friday, September 15th. Morgan Stanley reiterated an overweight rating and set a $92.00 price target on shares of Galapagos in a report on Thursday, August 10th. Cowen reiterated a buy rating on shares of Galapagos in a report on Thursday, August 10th. Nomura lifted their price target on Galapagos from $108.00 to $124.00 and gave the company a buy rating in a report on Friday, August 11th. Finally, ValuEngine downgraded Galapagos from a hold rating to a sell rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Galapagos has a consensus rating of Hold and an average price target of $111.00.

Galapagos (NASDAQ GLPG) opened at $85.44 on Friday. Galapagos has a twelve month low of $57.92 and a twelve month high of $104.12.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLPG. Advisors Preferred LLC bought a new stake in shares of Galapagos during the 3rd quarter worth about $105,000. New York State Common Retirement Fund bought a new stake in shares of Galapagos during the 2nd quarter worth about $166,000. Acadian Asset Management LLC bought a new stake in shares of Galapagos during the 2nd quarter worth about $166,000. Pacad Investment Ltd. bought a new stake in shares of Galapagos during the 2nd quarter worth about $168,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Galapagos by 156.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,742 shares of the biotechnology company’s stock worth $177,000 after acquiring an additional 1,063 shares in the last quarter. Institutional investors own 19.71% of the company’s stock.

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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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