Galapagos NV (NASDAQ:GLPG)‘s stock had its “buy” rating reiterated by equities researchers at BTIG Research in a report released on Monday. They presently have a $118.00 price target on the biotechnology company’s stock. BTIG Research’s target price would indicate a potential upside of 26.90% from the company’s previous close.

Several other research firms have also issued reports on GLPG. Zacks Investment Research raised shares of Galapagos NV from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Stifel Nicolaus boosted their price target on shares of Galapagos NV from $101.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Royal Bank Of Canada began coverage on shares of Galapagos NV in a research report on Thursday, September 14th. They issued a “sector perform” rating and a $98.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and issued a $123.00 price target (up previously from $92.00) on shares of Galapagos NV in a research report on Friday, October 6th. Finally, BidaskClub raised shares of Galapagos NV from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $111.00.

Galapagos NV (GLPG) traded down $0.40 during midday trading on Monday, hitting $92.99. 38,906 shares of the stock traded hands, compared to its average volume of 153,645. Galapagos NV has a one year low of $57.16 and a one year high of $104.12.

COPYRIGHT VIOLATION WARNING: “Galapagos NV (GLPG) Receives “Buy” Rating from BTIG Research” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/21/galapagos-nv-glpg-receives-buy-rating-from-btig-research.html.

Large investors have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new position in Galapagos NV during the third quarter valued at approximately $105,000. Acadian Asset Management LLC purchased a new position in Galapagos NV during the second quarter valued at approximately $166,000. New York State Common Retirement Fund purchased a new position in Galapagos NV during the second quarter valued at approximately $166,000. Pacad Investment Ltd. purchased a new position in Galapagos NV during the second quarter valued at approximately $168,000. Finally, Envestnet Asset Management Inc. grew its stake in Galapagos NV by 156.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,742 shares of the biotechnology company’s stock valued at $177,000 after acquiring an additional 1,063 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

About Galapagos NV

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 NV (NASDAQ:GLPG)

Receive News & Stock Ratings for Galapagos NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galapagos NV and related stocks with our FREE daily email newsletter.