Jefferies Group LLC Reiterates “$42.00” Price Target for Liberty Global PLC (LBTYA)

Jefferies Group LLC set a $42.00 price objective on Liberty Global PLC (NASDAQ:LBTYA) in a research note released on Monday morning. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for Liberty Global PLC’s FY2017 earnings at ($1.29) EPS, FY2018 earnings at $0.33 EPS and FY2019 earnings at $1.89 EPS.

Several other research firms also recently weighed in on LBTYA. Macquarie downgraded shares of Liberty Global PLC from an outperform rating to a neutral rating in a research report on Wednesday, September 27th. Royal Bank Of Canada reissued an outperform rating and issued a $40.00 target price on shares of Liberty Global PLC in a research report on Monday, October 2nd. BidaskClub raised shares of Liberty Global PLC from a buy rating to a strong-buy rating in a research report on Friday, August 4th. Buckingham Research began coverage on shares of Liberty Global PLC in a research report on Friday, September 29th. They issued a buy rating and a $44.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Liberty Global PLC from $37.00 to $38.00 and gave the stock an equal weight rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $40.50.

Liberty Global PLC (NASDAQ:LBTYA) last released its earnings results on Wednesday, November 1st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.57. Liberty Global PLC had a net margin of 7.24% and a return on equity of 8.40%.

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In related news, Director John C. Malone sold 90,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 6,625,227 shares of the company’s stock, valued at $215,386,129.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 14,795 shares in the company, valued at $485,423.95. The disclosure for this sale can be found here. Insiders have sold 272,985 shares of company stock worth $8,734,338 over the last ninety days. 3.93% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Standard Life Investments LTD bought a new stake in Liberty Global PLC in the second quarter worth approximately $105,000. D.A. Davidson & CO. grew 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 worth $107,000 after acquiring an additional 1,374 shares in the last quarter. Commonwealth Bank of Australia grew 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 worth $150,000 after acquiring an additional 2,316 shares in the last quarter. Jacobi Capital Management LLC grew 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 worth $162,000 after acquiring an additional 57 shares in the last quarter. Finally, Simplex Trading LLC bought a new stake in Liberty Global PLC in the second quarter worth approximately $164,000. 22.09% of the stock is owned by institutional investors.

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.

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