Liberum Capital Reaffirms “Hold” Rating for Sky Plc (SKY)
Several other research analysts have also recently weighed in on the company. Shore Capital reaffirmed a hold rating on shares of Sky Plc in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 1,075 ($13.88) target price on shares of Sky Plc in a research note on Monday, July 10th. Citigroup Inc. reaffirmed a buy rating and set a GBX 1,350 ($17.44) target price on shares of Sky Plc in a research note on Thursday, June 29th. HSBC Holdings plc reaffirmed a hold rating and set a GBX 1,075 ($13.88) target price on shares of Sky Plc in a research note on Monday, June 19th. Finally, Macquarie reaffirmed an outperform rating and set a GBX 1,100 ($14.21) target price on shares of Sky Plc in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,115.50 ($14.41).
Sky Plc (LON SKY) opened at 932.00 on Monday. The company has a 50-day moving average of GBX 956.17 and a 200 day moving average of GBX 977.28. The firm’s market cap is GBX 15.95 billion. Sky Plc has a 52 week low of GBX 747.50 and a 52 week high of GBX 1,050.00.
In other Sky Plc news, insider Andrew (Andy) Sukawaty acquired 92 shares of Sky Plc stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of GBX 966 ($12.48) per share, with a total value of £888.72 ($1,147.77). Also, insider Jeremy Darroch sold 1,200,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of GBX 967 ($12.49), for a total value of £11,604,000 ($14,986,439.36). Over the last three months, insiders purchased 25,421 shares of company stock valued at $24,304,201.
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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