Galapagos NV (GLPG) Earns “Buy” Rating from Stifel Nicolaus

Galapagos NV (NASDAQ:GLPG)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a note issued to investors on Sunday. They currently have a $120.00 target price on the biotechnology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 23.49% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating and set a $92.00 target price on shares of Galapagos NV in a report on Thursday, August 10th. Janney Montgomery Scott raised 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. Cowen and Company reaffirmed a “buy” rating on shares of Galapagos NV in a report on Thursday, August 10th. BidaskClub raised Galapagos NV from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Nomura lifted their target price on Galapagos NV from $108.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $108.14.

Shares of Galapagos NV (NASDAQ:GLPG) opened at 97.17 on Friday. Galapagos NV has a 52-week low of $57.16 and a 52-week high of $104.12. The stock’s market cap is $4.94 billion. The stock’s 50 day moving average is $101.06 and its 200 day moving average is $101.06.

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A number of large investors have recently made changes to their positions in the business. Aperio Group LLC lifted its holdings in Galapagos NV by 22.2% in the third quarter. Aperio Group LLC now owns 4,159 shares of the biotechnology company’s stock valued at $423,000 after acquiring an additional 755 shares during the period. Eqis Capital Management Inc. lifted its holdings in Galapagos NV by 17.8% in the third quarter. Eqis Capital Management Inc. now owns 12,192 shares of the biotechnology company’s stock valued at $1,241,000 after acquiring an additional 1,846 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in Galapagos NV by 0.7% in the second quarter. Cookson Peirce & Co. Inc. now owns 3,045 shares of the biotechnology company’s stock valued at $233,000 after acquiring an additional 20 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Galapagos NV in the second quarter valued at approximately $214,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Galapagos NV in the second quarter valued at approximately $704,000. 23.62% 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.

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