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RBC Capital Stick to Their Hold Rating for Galapagos NV

Published 08/10/2020, 03:37 AM
Updated 08/10/2020, 03:37 AM


RBC Capital analyst Brian Abrahams maintained a Hold rating on Galapagos (NASDAQ:GLPG) NV on Friday, setting a price target of $150, which is approximately 21.36% below the present share price of $190.75.

Abrahams expects Galapagos NV to post earnings per share (EPS) of -$0.78 for the third quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Galapagos, with an average price target of $233.02.
The analysts price targets range from a high of $290 to a low of $150.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $98.17 million and a net profit of -$44.59 million. The company's market cap is $12.45 billion.

According to TipRanks.com, RBC Capital analyst Brian Abrahams is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.9% and a 51.03% success rate.

Galapagos NV is a biotechnology company, which engages in the identification and development of small molecule and antibody therapies. It operates through the Research and Development and Fee-for-Services segment. The company was founded by Onno van de Stolpe, Rudi Pauwels, and Helmuth van Es on June 30, 1999 and is headquartered in Mechelen, Belgium.

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