Sky Plc (SKY) Stock Rating Reaffirmed by Morgan Stanley
Sky Plc (LON:SKY)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a research note issued to investors on Tuesday. They currently have a GBX 1,000 ($12.41) price objective on the stock. Morgan Stanley’s price objective would suggest a potential upside of 28.04% from the company’s previous close.
Several other research analysts have also recently weighed in on SKY. Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 1,100 ($13.65) price objective on shares of Sky Plc in a research report on Monday, August 1st. Haitong Bank reissued a “neutral” rating and set a GBX 875 ($10.85) price target on shares of Sky Plc in a research report on Friday, September 2nd. Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a research report on Thursday, September 15th. Citigroup Inc. reissued a “buy” rating and set a GBX 1,350 ($16.75) price target on shares of Sky Plc in a research report on Friday, November 4th. Finally, Numis Securities Ltd raised Sky Plc to a “buy” rating and set a GBX 1,250 ($15.51) price target for the company in a research report on Thursday, October 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,058.36 ($13.13).
Shares of Sky Plc (LON:SKY) opened at 781.00 on Tuesday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The company’s market capitalization is GBX 13.34 billion. The stock’s 50 day moving average price is GBX 809.00 and its 200-day moving average price is GBX 865.82.
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In other Sky Plc news, insider Dave Lewis purchased 337 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were bought at an average price of GBX 842 ($10.45) per share, for a total transaction of £2,837.54 ($3,520.08). Also, insider Adine Grate purchased 20,200 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was acquired at an average price of GBX 816 ($10.12) per share, for a total transaction of £164,832 ($204,480.83).
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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