Liberty Global PLC (LBTYA) Stock Rating Reaffirmed by Royal Bank Of Canada
Liberty Global PLC (NASDAQ:LBTYA)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report issued on Monday. They presently have a $40.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 20.45% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Jefferies Group LLC set a $43.00 target price on shares of Liberty Global PLC and gave the company a “buy” rating in a research note on Saturday, June 17th. UBS AG began coverage on shares of Liberty Global PLC in a research note on Friday, June 16th. They set a “neutral” rating and a $31.00 price target for the company. ValuEngine cut shares of Liberty Global PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of Liberty Global PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Liberty Global PLC presently has a consensus rating of “Buy” and an average target price of $40.23.
Shares of Liberty Global PLC (NASDAQ LBTYA) opened at 33.21 on Monday. The company has a 50 day moving average price of $33.56 and a 200 day moving average price of $32.90. Liberty Global PLC has a 1-year low of $28.17 and a 1-year high of $37.69. The company has a market capitalization of $33.33 billion, a PE ratio of 36.49 and a beta of 1.63.
In other news, Director John C. Malone bought 384,673 shares of the stock in a transaction on Friday, July 7th. The stock was acquired at an average cost of $21.80 per share, for a total transaction of $8,385,871.40. Following the acquisition, the director now owns 761,816 shares of the company’s stock, valued at $16,607,588.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone bought 223,186 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now directly owns 761,816 shares in the company, valued at approximately $16,577,116.16. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,470,948 shares of company stock worth $34,389,090 and have sold 182,985 shares worth $5,994,738. Company insiders own 5.81% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Waldron LP purchased a new position in shares of Liberty Global PLC in the 1st quarter valued at $209,000. First Trust Advisors LP raised its position in shares of Liberty Global PLC by 33.9% in the 1st quarter. First Trust Advisors LP now owns 63,062 shares of the company’s stock worth $2,262,000 after acquiring an additional 15,983 shares in the last quarter. US Bancorp DE raised its position in shares of Liberty Global PLC by 9.4% in the 1st quarter. US Bancorp DE now owns 10,262 shares of the company’s stock worth $368,000 after acquiring an additional 882 shares in the last quarter. Suntrust Banks Inc. bought a new position in shares of Liberty Global PLC in the 1st quarter worth $222,000. Finally, World Asset Management Inc bought a new position in shares of Liberty Global PLC in the 1st quarter worth $218,000. 22.04% of the stock is owned by hedge funds and other institutional investors.
Liberty Global PLC Company Profile
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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