HC Wainwright Initiates Coverage on GALAPAGOS NV/S (NASDAQ:GLPG)

Equities researchers at HC Wainwright started coverage on shares of GALAPAGOS NV/S (NASDAQ:GLPG) in a research note issued to investors on Thursday, March 28th, Marketbeat reports. The brokerage set a “buy” rating and a $136.00 price target on the biotechnology company’s stock. HC Wainwright’s price target indicates a potential upside of 17.82% from the stock’s previous close.

GLPG has been the subject of several other research reports. Zacks Investment Research downgraded GALAPAGOS NV/S from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. BidaskClub downgraded GALAPAGOS NV/S from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Cantor Fitzgerald set a $130.00 target price on GALAPAGOS NV/S and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Cowen reissued a “buy” rating on shares of GALAPAGOS NV/S in a research note on Friday, February 22nd. Finally, Leerink Swann started coverage on GALAPAGOS NV/S in a research note on Friday, February 22nd. They set an “outperform” rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $125.83.

Shares of GLPG traded up $1.45 during midday trading on Thursday, reaching $115.43. 165,448 shares of the stock were exchanged, compared to its average volume of 201,716. The company has a market capitalization of $5.91 billion, a P/E ratio of -43.72 and a beta of 1.68. GALAPAGOS NV/S has a twelve month low of $85.00 and a twelve month high of $125.48.

Several large investors have recently added to or reduced their stakes in GLPG. Federated Investors Inc. PA boosted its holdings in GALAPAGOS NV/S by 17.8% in the third quarter. Federated Investors Inc. PA now owns 1,677,922 shares of the biotechnology company’s stock valued at $188,648,000 after acquiring an additional 253,159 shares during the last quarter. BlackRock Inc. boosted its holdings in GALAPAGOS NV/S by 18.4% in the third quarter. BlackRock Inc. now owns 365,413 shares of the biotechnology company’s stock valued at $41,083,000 after acquiring an additional 56,848 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in GALAPAGOS NV/S by 530.8% in the fourth quarter. Bank of New York Mellon Corp now owns 249,137 shares of the biotechnology company’s stock valued at $22,857,000 after acquiring an additional 209,642 shares during the last quarter. Credit Suisse AG boosted its holdings in GALAPAGOS NV/S by 52.0% in the third quarter. Credit Suisse AG now owns 190,376 shares of the biotechnology company’s stock valued at $21,404,000 after acquiring an additional 65,094 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in GALAPAGOS NV/S by 214.1% in the third quarter. Jane Street Group LLC now owns 185,269 shares of the biotechnology company’s stock valued at $20,830,000 after acquiring an additional 126,277 shares during the last quarter. Institutional investors own 15.87% of the company’s stock.

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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Analyst Recommendations for GALAPAGOS NV/S (NASDAQ:GLPG)

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