Analysts Issue Research Notes On Liberty Global plc (LBTYK)

MDVL Stock
MDVL Stock

Liberty Global plc (NASDAQ:LBTYK) finished Wednesday with a subtraction of -$0.55 to close at $18.02, a downside of -2.96 percent. An average of 2,897,340 shares of common stock have been traded in the last five days. There was a fall of -$1.89 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,157,020 shares traded, while the 50-day average volume stands at 1,891,120.

LBTYK stock has decreased by -17.26% in the last month. The company shares reached their 1-month lowest point of $17.97 on 09/21/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $18.57 and a high of $30.49 in 52 weeks. It has reached a new high 5 times so far this year and lost -35.85% or -$10.07 in price. In spite of this, the price is down -40.90% from the 52-week high.

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Insider Transactions

37 days have passed since Liberty Global plc (LBTYK) last reported insider trading activity. Waldron Jason, who is SVP & CAO, most recently acquired $7,522 shares at $22.10 per share on Aug 16. In this transaction, the insider spent $166,209. SVP & CAO, Waldron Jason, disposed of 14,277 shares at a price of $22.18 on Aug 08. The insider now owns more than $316,715 worth of shares. Prior to that, EVP, Gen Counsel & Secretary HALL BRYAN H went on to Sale 11,000 shares at $22.67 each on Jun 28. An amount of $249,349 was transacted.

Financial Health

Its gross profit as reported stood at $5.81 billion compared to revenue of $10.31 billion.

Earnings Surprise

The analyst consensus anticipated Liberty Global plc’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be $1.15, a 5,850.00% surprise. For the quarter, EBITDA amounted to $548.8 million. Shareholders own equity worth $484.79 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Liberty Global plc (LBTYK) price momentum. RSI 9-day as of the close on 21 September was 21.41%, suggesting the stock is oversold, with historical volatility in this time frame at 38.06%.

As of today, LBTYK’s price is $18.99 -9.49% or -$1.89 from its 5-day moving average. LBTYK is currently trading -17.03% lower than its 20-day SMA and -26.66% lower than its 100-day SMA. However, the stock’s current price level is -17.11% below the SMA50 and -34.21% below the SMA200.

The stochastic %K and %D were 6.38% and 6.85%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 1.44% and the average true range at 0.63, the RSI (14) stands at 25.74%. The stock has reached -0.94 on the 9-day MACD Oscillator while the 14-day reading was at -1.24.

Analyst Ratings

Pivotal Research Group reiterated its a Buy rating on Liberty Global plc (NASDAQ: LBTYK), but raised their price target to $30, indicating a potential price increase of 39.93% for the stock. The consensus rating for Liberty Global plc (LBTYK) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LBTYK, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.

What is LBTYK’s price target for the next 12 months?

Analysts predict a range of price targets between $24.00 and $37.40, with a median target of $29.25. Taking a look at these predictions, the average price target given by analysts for Liberty Global plc (LBTYK) stock is $29.93.


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