Brokerages Set Liberty Global plc (NASDAQ:LBTYA) Target Price at $37.38

Shares of Liberty Global plc (NASDAQ:LBTYAGet Rating) have earned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $37.38.

LBTYA has been the subject of several analyst reports. TheStreet downgraded shares of Liberty Global from a “b” rating to a “c+” rating in a research note on Friday, January 21st. Credit Suisse Group raised shares of Liberty Global from a “neutral” rating to an “outperform” rating and raised their price target for the company from $26.00 to $35.00 in a research note on Thursday, March 24th. Finally, Bank of America dropped their price target on shares of Liberty Global from $54.50 to $52.50 and set a “buy” rating for the company in a research note on Wednesday, March 9th.

In related news, SVP Andrea Salvato sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $26.52, for a total transaction of $1,060,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jason Waldron sold 19,752 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $26.51, for a total transaction of $523,625.52. The disclosure for this sale can be found here. Insiders sold 141,690 shares of company stock valued at $3,612,997 over the last 90 days. Corporate insiders own 9.41% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Liberty Global by 18.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,195 shares of the company’s stock valued at $95,000 after buying an additional 490 shares during the period. M&R Capital Management Inc. lifted its position in shares of Liberty Global by 22.6% in the 1st quarter. M&R Capital Management Inc. now owns 2,958 shares of the company’s stock worth $75,000 after purchasing an additional 546 shares during the period. Captrust Financial Advisors lifted its position in shares of Liberty Global by 37.3% in the 3rd quarter. Captrust Financial Advisors now owns 2,203 shares of the company’s stock worth $66,000 after purchasing an additional 598 shares during the period. FNY Investment Advisers LLC raised its stake in Liberty Global by 150.0% in the fourth quarter. FNY Investment Advisers LLC now owns 1,050 shares of the company’s stock worth $29,000 after buying an additional 630 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Liberty Global by 5.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,978 shares of the company’s stock worth $415,000 after buying an additional 727 shares during the period. 28.28% of the stock is currently owned by institutional investors.

NASDAQ:LBTYA traded up $0.41 on Friday, hitting $25.38. The company had a trading volume of 45,148 shares, compared to its average volume of 1,216,346. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 1.06 and a beta of 1.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $25.97 and a two-hundred day moving average of $27.42. Liberty Global has a 52 week low of $23.00 and a 52 week high of $30.58.

Liberty Global (NASDAQ:LBTYAGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported $1.08 EPS for the quarter. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.97 billion. Liberty Global had a net margin of 127.35% and a return on equity of 20.11%. As a group, equities analysts forecast that Liberty Global will post 0.26 EPS for the current year.

About Liberty Global (Get Rating)

Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

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