Liberty Global PLC (NASDAQ: LBTYA) Price Target Increased at Jefferies Group

Liberty Global PLC (NASDAQ: LBTYA) had its price target increased by equities researchers at Jefferies Group from $42.00 to $43.00.Jefferies Group currently has a rating of Buy on the shares. A number of other analysts have commented on the stock in recent days, and the company has earned a consensus one-year price target of $41.35, higher than the opening price of $32.24, a difference of 13.11 percent. Liberty Global PLC stock has a 52-week high of $49.24.

U.S. stocks saw their biggest selloff since June 24, (Brexit) on Friday after comments from a voting member of the Federal Reserve’s policy-setting committee suggested a September rate hike was still a possibility.

The Dow Jones Industrial Average dropped 394 points, or 2.13% to 18085.

The S&P 500 shed 53 points, or 2.45% to 2127, while the Nasdaq Composite erased 133 points, or 2.54% to 5125.

Stocks were no alone in declines on Friday.

Global oil prices, after rallying Thursday, dropped more than 3% Friday to trade just above $45 a barrel.

Gold prices also traded lower, shedding more than 0.6% to trade around $1,332.

Stock prices often move to the upside on recommendations and new price targets of professional brokerage firms.

Shares of Liberty Global PLC (NASDAQ: LBTYA) opened at $32.24 yesterday and traded in a range between, $31.50 and $32.54, and last traded at $31.53, which represents a change of $ -1.12 over the previous closing price.

Liberty Global PLC (NASDAQ: LBTYA) currently has a market cap of 29.01B

The stocks average daily volume is 3,575,330 shares out of a total float 859,413,000 of and some 3,117,083 shares crossed the trading desk yesterday, 17 percent lower than normal. Look for trading volume to pick up in the coming days as investors often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.

However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.

With that in mind Liberty Global PLC (NASDAQ: LBTYA) now has a 50-day MA is $31.77 and 200-day MA is $34.90, and it has traded in a 52-week range between $26.16 – 49.24 and today’s last price is -0.36 percent off the 52 week high of $49.24.

Earnings growth is an important factor toresearch when investing in stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of BNB Daily News. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

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