Liberty Global PLC (LBTYA) Given a $42.00 Price Target by Jefferies Group LLC Analysts
Liberty Global PLC (NASDAQ:LBTYA) received a $42.00 target price from Jefferies Group LLC in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 36.14% from the company’s current price. Jefferies Group also issued estimates for Liberty Global PLC’s FY2018 earnings at $0.33 EPS and FY2019 earnings at $1.89 EPS.
Other research analysts have also recently issued reports about the company. ValuEngine cut Liberty Global PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Liberty Global PLC from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research cut Liberty Global PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Redburn Partners upgraded Liberty Global PLC to a “buy” rating in a report on Tuesday, July 11th. Finally, Pivotal Research decreased their price objective on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Liberty Global PLC has a consensus rating of “Buy” and a consensus target price of $40.50.
Shares of Liberty Global PLC (LBTYA) opened at 30.85 on Monday. The stock has a market capitalization of $30.96 billion, a P/E ratio of 33.90 and a beta of 1.63. The firm’s 50-day moving average price is $32.54 and its 200-day moving average price is $32.43. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69.
In other Liberty Global PLC news, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $32.81, for a total value of $97,937.85. Following the sale, the director now owns 14,795 shares of the company’s stock, valued at $485,423.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $30.44, for a total value of $2,739,600.00. Following the completion of the sale, the director now directly owns 4,975,876 shares in the company, valued at approximately $151,465,665.44. The disclosure for this sale can be found here. In the last three months, insiders sold 272,985 shares of company stock worth $8,734,338. 5.81% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Standard Life Investments LTD purchased a new stake in Liberty Global PLC in the second quarter valued at approximately $105,000. D.A. Davidson & CO. raised its position in Liberty Global PLC by 69.6% in the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after purchasing an additional 1,374 shares during the period. Commonwealth Bank of Australia raised its position in Liberty Global PLC by 96.7% in the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after purchasing an additional 2,316 shares during the period. Jacobi Capital Management LLC raised its position in Liberty Global PLC by 1.1% in the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after purchasing an additional 57 shares during the period. Finally, Simplex Trading LLC purchased a new stake in shares of Liberty Global PLC during the second quarter worth $164,000. 22.09% of the stock is currently owned by 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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