Market Overview

UPDATE: Stifel Nicolaus Raises PT to $80 on Liberty Global; Including Virgin Media on Valuation

Related LBTYA
Brean Capital Initiates Lions Gate At Buy, Bullish On Management
Ciena Corporation's Exposure To Brexit Fallout May Be Less Than Initially Suggested

Stifel Nicolaus reiterated its Buy rating on Liberty Global (NASDAQ: LBTYA) and increased its price target from $65.00 to $80.00.

Stifel Nicolaus said, "We are increasing our target price on the shares of Liberty Global to $80 from $65, rolling forward our multiple to 2014 and including a pro forma valuation which includes Virgin Media. … The $80 target approximates an 8.0x 2014e EBITDA multiple, inclusive of Virgin Media. Assuming a starting share count of approximately 414 million post-close, and a repurchase of $3.5b in shares within 2 years of closing, suggests the company would repurchase 32.5m shares through 2014 at an average $80 price."

Liberty Global closed at $66.06 on Wednesday.

Latest Ratings for LBTYA

Sep 2016Goldman SachsAssumesBuy
Sep 2016JefferiesMaintainsBuy
Aug 2016CitigroupMaintainsBuy

View More Analyst Ratings for LBTYA
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings


Related Articles (LBTYA)

View Comments and Join the Discussion!