Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Galapagos (GLPG) Stock Price

Press coverage about Galapagos (NASDAQ:GLPG) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Galapagos earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the biotechnology company an impact score of 46.4349658781428 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

A number of research analysts have recently commented on GLPG shares. BTIG Research reissued a “buy” rating and set a $118.00 price objective on shares of Galapagos in a report on Monday, November 20th. Stifel Nicolaus reissued a “buy” rating and set a $120.00 price objective on shares of Galapagos in a report on Sunday, October 29th. BidaskClub raised Galapagos from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research raised Galapagos from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $123.00 price objective (up previously from $92.00) on shares of Galapagos in a report on Friday, October 6th. Two 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 currently has an average rating of “Hold” and an average target price of $111.00.

Shares of Galapagos (GLPG) traded up $3.04 during trading hours on Monday, reaching $89.50. The company had a trading volume of 165,020 shares, compared to its average volume of 148,906. Galapagos has a 1 year low of $58.31 and a 1 year high of $104.12.

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About Galapagos

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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