Sky Plc (SKY) Receives Outperform Rating from Macquarie
Sky Plc (LON:SKY)‘s stock had its “outperform” rating restated by analysts at Macquarie in a research note issued to investors on Wednesday. They currently have a GBX 1,400 ($17.49) price objective on the stock. Macquarie’s price target points to a potential upside of 83.37% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group AG assumed coverage on shares of Sky Plc in a research note on Tuesday. They set an “outperform” rating and a GBX 980 ($12.24) price objective on the stock. Citigroup Inc. reiterated a “buy” rating and issued a GBX 1,350 ($16.87) price target on shares of Sky Plc in a research report on Friday, November 4th. BNP Paribas reiterated an “outperform” rating and issued a GBX 1,075 ($13.43) price target on shares of Sky Plc in a research report on Friday, October 28th. Barclays PLC boosted their price target on shares of Sky Plc from GBX 1,000 ($12.49) to GBX 1,050 ($13.12) and gave the stock an “overweight” rating in a research report on Monday, October 24th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 1,320 ($16.49) price target on shares of Sky Plc in a research report on Friday, October 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Sky Plc currently has a consensus rating of “Hold” and an average target price of GBX 1,058.36 ($13.22).
Shares of Sky Plc (LON:SKY) opened at 763.50 on Wednesday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The firm’s market capitalization is GBX 13.04 billion. The company has a 50 day moving average of GBX 826.80 and a 200 day moving average of GBX 870.63.
In other Sky Plc news, insider Darroch,Jeremy purchased 61,793 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of GBX 864 ($10.79) per share, for a total transaction of £533,891.52 ($667,030.88). Also, insider Martin J. Gilbert purchased 127 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were acquired at an average price of GBX 799 ($9.98) per share, with a total value of £1,014.73 ($1,267.78).
Sky Plc Company Profile
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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