Investment analysts at Deutsche Bank AG assumed coverage on shares of Liberty Global PLC (NASDAQ:LBTYA) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $43.00 price target on the stock. Deutsche Bank AG’s price target points to a potential upside of 31.82% from the company’s previous close.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada set a $40.00 price objective on Liberty Global PLC and gave the stock a “buy” rating in a research note on Monday, June 12th. ValuEngine upgraded Liberty Global PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Macquarie restated a “buy” rating and set a $36.00 price target (down from $40.00) on shares of Liberty Global PLC in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC set a $43.00 price target on Liberty Global PLC and gave the company a “buy” rating in a research note on Saturday, June 17th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Liberty Global PLC presently has a consensus rating of “Buy” and a consensus target price of $40.00.

Liberty Global PLC (NASDAQ LBTYA) traded down 1.33% during midday trading on Wednesday, hitting $32.62. The stock had a trading volume of 2,558,656 shares. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The company’s 50-day moving average price is $33.79 and its 200 day moving average price is $33.28. The stock has a market cap of $32.74 billion, a P/E ratio of 35.85 and a beta of 1.66.

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In other Liberty Global PLC news, Director John C. Malone bought 223,186 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was bought at an average price of $21.76 per share, for a total transaction of $4,856,527.36. Following the transaction, the director now owns 761,816 shares of the company’s stock, valued at approximately $16,577,116.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone bought 139,052 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were acquired at an average price of $21.74 per share, with a total value of $3,022,990.48. Following the transaction, the director now directly owns 761,816 shares in the company, valued at approximately $16,561,879.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,610,000 shares of company stock worth $37,412,081. Company insiders own 3.93% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Standard Life Investments LTD bought a new position in Liberty Global PLC during the 2nd quarter worth about $105,000. D.A. Davidson & CO. increased its holdings in Liberty Global PLC by 69.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock worth $107,000 after purchasing an additional 1,374 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Liberty Global PLC by 96.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock worth $150,000 after purchasing an additional 2,316 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in Liberty Global PLC by 1.1% during 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. Finally, Ameritas Investment Partners Inc. bought a new position in Liberty Global PLC during the 1st quarter worth about $163,000. Institutional investors and hedge funds own 22.05% 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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