Galapagos NV (GLPG) Receives New Coverage from Analysts at Janney Montgomery Scott
Posted by Masoud Bidgoli on Aug 30th, 2016 // No Comments
Galapagos NV logoEquities research analysts at Janney Montgomery Scott assumed coverage on shares of Galapagos NV (NASDAQ:GLPG) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.
Other large investors recently bought and sold shares of the company. Landscape Capital Management L.L.C. raised its stake in Galapagos NV by 114.7% in the first quarter. Landscape Capital Management L.L.C. now owns 17,389 shares of the company’s stock worth $727,000 after buying an additional 9,288 shares during the period. Macquarie Group Ltd. raised its stake in Galapagos NV by 46.4% in the fourth quarter. Macquarie Group Ltd. now owns 34,533 shares of the company’s stock worth $2,171,000 after buying an additional 10,952 shares during the period. A.R.T. Advisors LLC bought a new stake in Galapagos NV during the first quarter worth about $547,000. Alps Advisors Inc. raised its stake in Galapagos NV by 47.6% in the second quarter. Alps Advisors Inc. now owns 64,775 shares of the company’s stock worth $3,593,000 after buying an additional 20,901 shares during the period. Finally, DAFNA Capital Management LLC raised its stake in Galapagos NV by 1,655.4% in the fourth quarter. DAFNA Capital Management LLC now owns 30,000 shares of the company’s stock worth $1,886,000 after buying an additional 28,291 shares during the period.
Galapagos NV (NASDAQ:GLPG) opened at 54.13 on Tuesday. The stock’s market capitalization is $2.50 billion. Galapagos NV has a 12-month low of $37.03 and a 12-month high of $65.70. The firm’s 50-day moving average price is $53.83 and its 200 day moving average price is $49.59.
Several other equities research analysts have also commented on the company. Morgan Stanley cut their price objective on Galapagos NV from $92.00 to $89.00 and set an “overweight” rating for the company in a research note on Monday, May 2nd. Credit Suisse Group AG reiterated a “hold” rating and set a $48.00 price objective on shares of Galapagos NV in a research note on Friday, June 17th. Finally, Zacks Investment Research lowered Galapagos NV from a “buy” rating to a “hold” rating in a research note on Monday, July 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Galapagos NV currently has an average rating of “Buy” and a consensus price target of €65.50 ($73.60).