Liberty Global PLC (LBTYA) Earns Buy Rating from Jefferies Group LLC
Jefferies Group LLC restated their buy rating on shares of Liberty Global PLC (NASDAQ:LBTYA) in a research report report published on Tuesday morning. Jefferies Group LLC currently has a $42.00 target price on the stock.
“SFM will report Q4 results on 2/23. Taking into account recent competitive developments, a more difficult deflationary backdrop, and the adverse impact from greater fixed cost deleverage, we expect another Street reset for SFM similar to what we have seen for other grocers in recent months. Our updated forecasts suggest a FY17 EPS figure closer to $0.80, down from $0.90, and below a Street figure of $0.92. With the rally in SFM shares post WFM’s report, we see downside risk to the $17- ish level. The market has been very kind to grocery reports lately such as KR, WFM, and others.”,” the firm’s analyst wrote.
LBTYA has been the subject of several other research reports. Zacks Investment Research raised Liberty Global PLC from a hold rating to a buy rating and set a $35.00 target price for the company in a research note on Tuesday, December 27th. Morgan Stanley started coverage on Liberty Global PLC in a research note on Monday, January 23rd. They set an equal weight rating and a $39.00 target price for the company. Pivotal Research boosted their target price on Liberty Global PLC from $43.00 to $47.00 and gave the stock a buy rating in a research note on Friday, January 27th. Barclays PLC boosted their target price on Liberty Global PLC from $39.00 to $41.00 and gave the stock an overweight rating in a research note on Wednesday, January 25th. Finally, Societe Generale started coverage on Liberty Global PLC in a research note on Tuesday, December 6th. They set a buy rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $42.92.
Shares of Liberty Global PLC (NASDAQ:LBTYA) opened at 35.91 on Tuesday. The firm’s market capitalization is $32.55 billion. Liberty Global PLC has a one year low of $26.16 and a one year high of $39.85. The firm’s 50-day moving average is $34.73 and its 200 day moving average is $32.61.
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Several hedge funds have recently added to or reduced their stakes in the company. Simplex Trading LLC boosted its stake in Liberty Global PLC by 21.0% in the third quarter. Simplex Trading LLC now owns 4,968 shares of the company’s stock valued at $169,000 after buying an additional 863 shares during the period. Assetmark Inc. boosted its stake in Liberty Global PLC by 18.0% in the third quarter. Assetmark Inc. now owns 5,255 shares of the company’s stock valued at $180,000 after buying an additional 802 shares during the period. Global X Management Co. LLC boosted its stake in Liberty Global PLC by 87.8% in the third quarter. Global X Management Co. LLC now owns 5,732 shares of the company’s stock valued at $196,000 after buying an additional 2,680 shares during the period. M&R Capital Management Inc. boosted its stake in Liberty Global PLC by 8.5% in the fourth quarter. M&R Capital Management Inc. now owns 6,950 shares of the company’s stock valued at $212,000 after buying an additional 546 shares during the period. Finally, High Pointe Capital Management LLC purchased a new stake in Liberty Global PLC during the third quarter valued at $216,000. Institutional investors own 22.93% of the company’s stock.
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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