Credit Suisse Group Reaffirms “Neutral” Rating for SKY (SKY)
Credit Suisse Group reaffirmed their neutral rating on shares of SKY (LON:SKY) in a research note issued to investors on Monday morning. They currently have a GBX 1,075 ($14.47) target price on the stock.
Several other equities research analysts have also recently issued reports on the company. Liberum Capital reaffirmed a buy rating and issued a GBX 1,060 ($14.27) target price on shares of SKY in a report on Monday. Shore Capital reissued a hold rating on shares of SKY in a research note on Friday, December 15th. Citigroup reissued a buy rating on shares of SKY in a research note on Tuesday, November 7th. Finally, S&P Global set a GBX 1,075 ($14.47) price objective on SKY and gave the stock a buy rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 1,096.54 ($14.76).
Shares of SKY (LON:SKY) opened at GBX 1,019 ($13.71) on Monday. SKY has a twelve month low of GBX 822.50 ($11.07) and a twelve month high of GBX 1,028.50 ($13.84).
In related news, insider Matthieu Pigasse bought 103 shares of the stock in a transaction on Wednesday, September 27th. The stock was bought at an average price of GBX 915 ($12.31) per share, for a total transaction of £942.45 ($1,268.44). Also, insider Andrew (Andy) Sukawaty bought 113 shares of the stock in a transaction on Friday, October 27th. The shares were bought at an average price of GBX 938 ($12.62) per share, with a total value of £1,059.94 ($1,426.57). Insiders have acquired 291 shares of company stock valued at $270,739 in the last 90 days.
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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