Liberty Global PLC (LBTYA) Price Target Raised to $43.50 at Barclays PLC

Liberty Global PLC (NASDAQ:LBTYA) had its price objective hoisted by Barclays PLC from $40.00 to $43.50 in a report released on Monday, October 16th. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 42.67% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Liberty Global PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Liberty Global PLC in a research note on Monday, October 2nd. Buckingham Research assumed coverage on shares of Liberty Global PLC in a research note on Friday, September 29th. They issued a “buy” rating and a $44.00 target price on the stock. Macquarie downgraded shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th. Finally, Exane BNP Paribas downgraded shares of Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.04.

Liberty Global PLC (LBTYA) traded down 1.61% during mid-day trading on Monday, reaching $30.49. The company had a trading volume of 1,822,687 shares. The firm’s 50 day moving average price is $32.78 and its 200-day moving average price is $32.54. The company has a market capitalization of $30.60 billion, a price-to-earnings ratio of 33.51 and a beta of 1.63. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69.

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In other news, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total transaction of $97,937.85. Following the sale, the director now owns 14,795 shares in the company, valued at approximately $485,423.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Malone sold 90,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $32.51, for a total transaction of $2,925,900.00. Following the sale, the director now owns 6,625,227 shares in the company, valued at approximately $215,386,129.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 272,985 shares of company stock worth $8,734,338. Insiders own 3.93% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in Liberty Global PLC by 0.6% in the 2nd quarter. Franklin Resources Inc. now owns 8,610 shares of the company’s stock worth $277,000 after purchasing an additional 48 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in Liberty Global PLC by 1.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after purchasing an additional 57 shares in the last quarter. AXA boosted its stake in Liberty Global PLC by 3.3% in the 2nd quarter. AXA now owns 9,476 shares of the company’s stock worth $305,000 after purchasing an additional 300 shares in the last quarter. High Pointe Capital Management LLC boosted its stake in Liberty Global PLC by 5.7% in the 2nd quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock worth $214,000 after purchasing an additional 360 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in Liberty Global PLC by 2.5% in the 2nd quarter. Profund Advisors LLC now owns 17,740 shares of the company’s stock worth $570,000 after purchasing an additional 432 shares in the last quarter. Institutional investors own 22.09% of the company’s stock.

About Liberty Global PLC

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.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

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