SKY’s (SKY) “Hold” Rating Reaffirmed at Shore Capital
SKY (LON:SKY)‘s stock had its “hold” rating reiterated by research analysts at Shore Capital in a note issued to investors on Monday.
A number of other research firms have also recently commented on SKY. Liberum Capital upped their price target on SKY from GBX 1,400 ($18.24) to GBX 1,728 ($22.51) and gave the stock a “hold” rating in a research note on Monday. UBS Group cut SKY to a “neutral” rating and upped their price target for the stock from GBX 1,500 ($19.54) to GBX 1,600 ($20.84) in a research note on Wednesday, September 19th. Macquarie cut SKY to a “neutral” rating and upped their price target for the stock from GBX 1,100 ($14.33) to GBX 1,450 ($18.89) in a research note on Thursday, July 12th. Finally, Royal Bank of Canada upped their price target on SKY from GBX 1,150 ($14.98) to GBX 1,250 ($16.28) and gave the stock a “sector performer” rating in a research note on Thursday, June 14th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SKY currently has an average rating of “Hold” and an average target price of GBX 1,393.20 ($18.15).
SKY opened at GBX 1,721 ($22.42) on Monday. SKY has a one year low of GBX 11.40 ($0.15) and a one year high of GBX 1,378 ($17.95).
In related news, insider Andrew Neal Griffith acquired 15,427 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were acquired at an average price of GBX 1,545 ($20.13) per share, with a total value of £238,347.15 ($310,469.13). Also, insider Andrew (Andy) Sukawaty acquired 49 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were bought at an average cost of GBX 1,536 ($20.01) per share, for a total transaction of £752.64 ($980.38). Insiders have acquired 15,579 shares of company stock worth $24,061,149 over the last 90 days.
Sky plc, together with its subsidiaries, engages in entertainment and communications businesses. The company offers pay television broadcasting and home communications services, including broadband and telephone services; over-the-top subscriptions; and HD, UHD, multiscreen, line rental, second smartcard, premium HD, and mobile TV, as well as on demand services, such as Catch Up TV and box sets.
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