JPMorgan Chase & Co. Reaffirms Neutral Rating for Sky Plc (SKY)
Sky Plc (LON:SKY)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday.
Several other equities research analysts also recently issued reports on SKY. Goldman Sachs Group Inc. raised their price objective on shares of Sky Plc from GBX 1,013 ($12.57) to GBX 1,029 ($12.77) and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Haitong Bank upgraded shares of Sky Plc to a “neutral” rating and set a GBX 875 ($10.85) price objective for the company in a research report on Thursday, August 4th. Liberum Capital restated a “sell” rating and set a GBX 630 ($7.82) price objective on shares of Sky Plc in a research report on Friday, August 19th. Macquarie restated an “outperform” rating and set a GBX 1,400 ($17.37) price objective on shares of Sky Plc in a research report on Thursday, August 25th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 950 ($11.79) price objective on shares of Sky Plc in a research report on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Sky Plc has a consensus rating of “Hold” and an average price target of GBX 1,058.36 ($13.13).
Sky Plc (LON:SKY) opened at 775.00 on Thursday. The firm’s 50-day moving average price is GBX 809.00 and its 200 day moving average price is GBX 865.82. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00. The firm’s market cap is GBX 13.24 billion.
In other Sky Plc news, insider Andrew (Andy) Sukawaty purchased 126 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were bought at an average price of GBX 761 ($9.44) per share, for a total transaction of £958.86 ($1,189.51). Also, insider Dave Lewis purchased 337 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average price of GBX 842 ($10.45) per share, for a total transaction of £2,837.54 ($3,520.08).
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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