Sky Plc (SKY) Earns “Neutral” Rating from Credit Suisse Group
Other research analysts have also issued research reports about the company. Liberum Capital reissued a hold rating and set a GBX 1,060 ($13.69) price objective on shares of Sky Plc in a report on Wednesday, August 9th. Shore Capital reissued a hold rating on shares of Sky Plc in a report on Thursday, July 27th. Citigroup Inc. reissued a buy rating and set a GBX 1,350 ($17.44) price objective on shares of Sky Plc in a report on Thursday, June 29th. HSBC Holdings plc reissued a hold rating and set a GBX 1,075 ($13.88) price objective on shares of Sky Plc in a report on Monday, June 19th. Finally, Royal Bank Of Canada reissued an outperform rating and set a GBX 1,075 ($13.88) price objective on shares of Sky Plc in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Sky Plc currently has an average rating of Buy and an average target price of GBX 1,128.16 ($14.57).
Shares of Sky Plc (LON:SKY) opened at 932.50 on Wednesday. Sky Plc has a 1-year low of GBX 747.50 and a 1-year high of GBX 1,050.00. The firm’s market capitalization is GBX 15.96 billion. The stock has a 50 day moving average of GBX 954.50 and a 200-day moving average of GBX 976.63.
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In other news, insider Jeremy Darroch sold 1,200,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of GBX 967 ($12.49), for a total transaction of £11,604,000 ($14,986,439.36). Also, insider Andrew (Andy) Sukawaty acquired 93 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of GBX 969 ($12.51) per share, with a total value of £901.17 ($1,163.85). In the last ninety days, insiders acquired 25,421 shares of company stock valued at $24,304,201.
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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