Sky Plc (SKY) Given Consensus Recommendation of “Hold” by Brokerages
Sky Plc (LON:SKY) has been assigned an average rating of “Hold” from the twenty-three analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,130.79 ($14.68).
Several research firms have recently weighed in on SKY. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,060 ($13.76) target price on shares of Sky Plc in a report on Wednesday, August 9th. Shore Capital reaffirmed a “hold” rating on shares of Sky Plc in a report on Thursday, July 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 1,350 ($17.53) target price on shares of Sky Plc in a report on Thursday, June 29th. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 1,075 ($13.96) target price on shares of Sky Plc in a report on Monday, June 19th. Finally, Jefferies Group LLC raised shares of Sky Plc to a “buy” rating and upped their target price for the stock from GBX 1,050 ($13.63) to GBX 1,200 ($15.58) in a report on Wednesday, April 26th.
In other Sky Plc news, insider Jeremy Darroch sold 1,200,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of GBX 967 ($12.55), for a total transaction of £11,604,000 ($15,064,260.68). Also, insider Martin J. Gilbert bought 91 shares of the business’s stock in a transaction on Friday, May 26th. The shares were acquired at an average price of GBX 1,001 ($12.99) per share, for a total transaction of £910.91 ($1,182.54). Over the last 90 days, insiders have acquired 276 shares of company stock worth $270,080.
Sky Plc (LON SKY) opened at 952.00 on Friday. The company’s market capitalization is GBX 16.29 billion. The stock has a 50 day moving average of GBX 972.04 and a 200-day moving average of GBX 983.76. Sky Plc has a 52-week low of GBX 747.50 and a 52-week high of GBX 1,050.00.
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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