GALAPAGOS NV/S (GLPG) Downgraded by ValuEngine to Buy
ValuEngine lowered shares of GALAPAGOS NV/S (NASDAQ:GLPG) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.
Several other analysts have also recently commented on GLPG. Stifel Nicolaus dropped their target price on shares of GALAPAGOS NV/S from $120.00 to $109.00 and set a buy rating for the company in a research report on Friday, June 29th. Zacks Investment Research raised shares of GALAPAGOS NV/S from a hold rating to a buy rating and set a $109.00 price target for the company in a report on Wednesday, June 27th. Royal Bank of Canada decreased their price target on shares of GALAPAGOS NV/S to $94.00 and set a sector perform rating for the company in a report on Friday, June 29th. Credit Suisse Group set a $92.00 price target on shares of GALAPAGOS NV/S and gave the company a hold rating in a report on Tuesday, August 7th. Finally, BidaskClub lowered shares of GALAPAGOS NV/S from a buy rating to a hold rating in a report on Thursday, June 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $109.00.
Shares of GALAPAGOS NV/S stock traded down $0.40 on Friday, hitting $101.34. 51,070 shares of the company’s stock traded hands, compared to its average volume of 101,203. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of -38.39 and a beta of 2.12. GALAPAGOS NV/S has a one year low of $84.13 and a one year high of $121.09.
GALAPAGOS NV/S Company Profile
Galapagos NV, a clinical-stage biotechnology company, discovers, develops, and commercializes novel medicines. Its clinical stage programs include filgotinib, which is in Phase III clinical trials for the treatment of rheumatoid arthritis and Crohn's disease, Phase 2/3 trials for ulcerative colitis, and Phase II trials for multiple additional indications; GLPG1690, an autotaxin inhibitor, which is in Phase III clinical trial for the treatment of idiopathic pulmonary fibrosis; GLPG1972 that completed Phase 1b clinical trial for the treatment of osteoarthritis; and MOR106, which is in Phase II trials for atopic dermatitis patients.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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