BidaskClub downgraded shares of Grifols, S.A. (NASDAQ:GRFS) from a sell rating to a strong sell rating in a research note issued to investors on Friday.

GRFS has been the topic of a number of other reports. J P Morgan Chase & Co upgraded shares of Grifols, from a neutral rating to an overweight rating in a research report on Thursday, March 30th. HSBC Holdings plc cut shares of Grifols, from a hold rating to a reduce rating in a research report on Friday, April 7th. Bank of America Corp initiated coverage on shares of Grifols, in a research report on Thursday, April 6th. They set a buy rating on the stock. Zacks Investment Research upgraded shares of Grifols, from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Grifols, from a buy rating to a neutral rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Grifols, has a consensus rating of Hold and an average target price of $24.00.

Grifols, (NASDAQ:GRFS) traded up 0.072% during midday trading on Friday, reaching $20.965. 208,412 shares of the company traded hands. Grifols, has a one year low of $14.27 and a one year high of $22.83. The stock’s 50 day moving average is $21.04 and its 200 day moving average is $19.52. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 44.044 and a beta of 0.98.

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Hedge funds have recently added to or reduced their stakes in the stock. AKO Capital LLP bought a new stake in Grifols, during the first quarter worth $36,979,000. Vaughan Nelson Investment Management L.P. bought a new stake in Grifols, during the second quarter worth $57,845,000. FMR LLC raised its stake in Grifols, by 52.6% in the first quarter. FMR LLC now owns 6,352,581 shares of the biotechnology company’s stock worth $119,905,000 after buying an additional 2,189,431 shares during the period. NGAM Advisors L.P. raised its stake in Grifols, by 661.8% in the second quarter. NGAM Advisors L.P. now owns 632,072 shares of the biotechnology company’s stock worth $13,356,000 after buying an additional 549,097 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in Grifols, by 7.8% in the second quarter. Pictet Asset Management Ltd. now owns 5,409,186 shares of the biotechnology company’s stock worth $116,081,000 after buying an additional 390,486 shares during the period. 22.51% of the stock is owned by hedge funds and other institutional investors.

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