Sky Plc (SKY) Receives GBX 1,086.58 Consensus Price Target from Brokerages
Sky Plc (LON:SKY) has been assigned an average rating of “Hold” from the twenty-two brokerages that are currently covering the firm. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,086.58 ($13.46).
A number of brokerages have recently issued reports on SKY. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 1,350 ($16.72) price objective on shares of Sky Plc in a research note on Friday, November 4th. BNP Paribas reiterated an “outperform” rating and set a GBX 1,075 ($13.32) price target on shares of Sky Plc in a report on Friday, October 28th. Macquarie reiterated an “outperform” rating and set a GBX 1,400 ($17.34) price target on shares of Sky Plc in a report on Thursday, October 27th. Barclays PLC upped their price target on shares of Sky Plc from GBX 1,000 ($12.39) to GBX 1,050 ($13.01) and gave the company an “overweight” rating in a report on Monday, October 24th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 1,320 ($16.35) price target on shares of Sky Plc in a report on Friday, October 21st.
Shares of Sky Plc (LON:SKY) opened at 776.50 on Wednesday. The firm’s market capitalization is GBX 13.26 billion. The firm has a 50-day moving average of GBX 844.88 and a 200-day moving average of GBX 879.95. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00.
In related news, insider Adine Grate purchased 20,200 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were purchased at an average price of GBX 816 ($10.11) per share, with a total value of £164,832 ($204,176.89). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were bought at an average cost of GBX 870 ($10.78) per share, for a total transaction of £991.80 ($1,228.54).
About Sky Plc
Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.
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