Sky Plc (SKY) Given Average Recommendation of “Hold” by Analysts
Sky Plc (LON:SKY) has received a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,128.68 ($14.58).
A number of equities research analysts have issued reports on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 1,350 ($17.44) price objective on shares of Sky Plc in a research report on Thursday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,075 ($13.88) price objective on shares of Sky Plc in a research report on Monday, July 10th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,060 ($13.69) price objective on shares of Sky Plc in a research report on Thursday, July 27th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,100 ($14.21) price objective on shares of Sky Plc in a research report on Monday, June 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 1,160 ($14.98) price objective on shares of Sky Plc in a research report on Wednesday.
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In other Sky Plc news, insider Andrew Neal Griffith purchased 25,135 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average cost of GBX 956 ($12.35) per share, for a total transaction of £240,290.60 ($310,332.69). Also, insider Andrew (Andy) Sukawaty purchased 92 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were acquired at an average price of GBX 966 ($12.48) per share, for a total transaction of £888.72 ($1,147.77). Insiders have purchased a total of 25,421 shares of company stock worth $24,304,201 over the last 90 days.
Shares of Sky Plc (LON SKY) opened at 938.00 on Wednesday. Sky Plc has a 52 week low of GBX 747.50 and a 52 week high of GBX 1,050.00. The firm’s market capitalization is GBX 16.05 billion. The company has a 50-day moving average of GBX 957.06 and a 200 day moving average of GBX 977.60.
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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