Sky Plc (SKY) Price Target Cut to GBX 1,130 by Analysts at Citigroup Inc.
Sky Plc (LON:SKY) had its price target cut by investment analysts at Citigroup Inc. from GBX 1,350 ($17.81) to GBX 1,130 ($14.91) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 19.83% from the company’s previous close.
A number of other brokerages have also recently commented on SKY. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 1,075 ($14.19) price target on shares of Sky Plc in a research note on Friday, October 13th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,060 ($13.99) price target on shares of Sky Plc in a research note on Wednesday, August 9th. Shore Capital reiterated a “hold” rating on shares of Sky Plc in a research note on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and set a GBX 1,160 ($15.31) target price on shares of Sky Plc in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,075 ($14.19) target price on shares of Sky Plc in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Sky Plc has a consensus rating of “Buy” and a consensus target price of GBX 1,103.33 ($14.56).
Shares of Sky Plc (SKY) opened at 943.00 on Wednesday. The company has a 50 day moving average of GBX 928.76 and a 200 day moving average of GBX 963.73. 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 cap is GBX 16.15 billion.
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In other news, insider Matthieu Pigasse bought 103 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were purchased at an average cost of GBX 915 ($12.07) per share, with a total value of £942.45 ($1,243.67). Also, insider Andrew Neal Griffith bought 25,135 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was purchased at an average cost of GBX 956 ($12.62) per share, for a total transaction of £240,290.60 ($317,089.73). Over the last three months, insiders acquired 25,452 shares of company stock worth $24,325,451.
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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