Liberty Global PLC’s (LBTYA) Outperform Rating Reaffirmed at Royal Bank Of Canada
Liberty Global PLC (NASDAQ:LBTYA)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Monday. They currently have a $40.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 17.96% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, June 20th. BidaskClub raised shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Deutsche Bank AG assumed coverage on shares of Liberty Global PLC in a research report on Wednesday, September 6th. They set a “buy” rating and a $43.00 price target for the company. Redburn Partners upgraded shares of Liberty Global PLC to a “buy” rating in a research note on Tuesday, July 11th. Finally, Exane BNP Paribas cut shares of Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $40.23.
Liberty Global PLC (NASDAQ LBTYA) traded up 0.74% during mid-day trading on Monday, hitting $34.16. The company’s stock had a trading volume of 1,170,340 shares. The company has a market cap of $34.28 billion, a P/E ratio of 37.54 and a beta of 1.63. The firm’s 50-day moving average is $33.70 and its 200-day moving average is $33.06. 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 John C. Malone bought 519,592 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were bought at an average price of $24.34 per share, with a total value of $12,646,869.28. Following the purchase, the director now owns 927,830 shares of the company’s stock, valued at $22,583,382.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 90,000 shares of Liberty Global PLC stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $33.01, for a total value of $2,970,900.00. Following the sale, the director now directly owns 4,975,876 shares in the company, valued at approximately $164,253,666.76. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,610,000 shares of company stock worth $37,412,081 and have sold 182,985 shares worth $5,994,738. 5.81% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Leucadia National Corp purchased a new stake in Liberty Global PLC in the 1st quarter worth $3,012,000. Allen Investment Management LLC boosted its holdings in shares of Liberty Global PLC by 14.6% during the 2nd quarter. Allen Investment Management LLC now owns 90,921 shares of the company’s stock valued at $2,920,000 after purchasing an additional 11,561 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in shares of Liberty Global PLC during the 2nd quarter valued at about $1,754,000. Legal & General Group Plc boosted its holdings in shares of Liberty Global PLC by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 1,097,107 shares of the company’s stock valued at $35,238,000 after purchasing an additional 15,011 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in shares of Liberty Global PLC by 25.1% during the 2nd quarter. Beck Mack & Oliver LLC now owns 1,541,373 shares of the company’s stock valued at $49,509,000 after purchasing an additional 308,913 shares during the last quarter. 22.04% 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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