Sky Plc (SKY) Given Overweight Rating at Barclays PLC
Sky Plc (LON:SKY)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays PLC in a note issued to investors on Wednesday. They currently have a GBX 1,050 ($13.03) price target on the stock. Barclays PLC’s target price would indicate a potential upside of 35.57% from the stock’s previous close.
SKY has been the subject of several other reports. Haitong Bank reaffirmed a “neutral” rating and issued a GBX 875 ($10.85) price objective on shares of Sky Plc in a report on Thursday, September 15th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 1,000 ($12.41) price target on shares of Sky Plc in a research note on Tuesday, September 27th. Beaufort Securities reiterated a “buy” rating on shares of Sky Plc in a research note on Thursday, September 15th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,425 ($17.68) price target on shares of Sky Plc in a research note on Tuesday, September 6th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 630 ($7.82) price target on shares of Sky Plc in a research note on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,058.36 ($13.13).
Sky Plc (LON:SKY) opened at 774.50 on Wednesday. The firm’s market cap is GBX 13.23 billion. The firm has a 50-day moving average price of GBX 809.00 and a 200 day moving average price of GBX 865.82. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00.
In other news, insider Adine Grate purchased 20,200 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were acquired at an average cost of GBX 816 ($10.12) per share, with a total value of £164,832 ($204,480.83). Also, insider Andrew (Andy) Sukawaty purchased 126 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The shares were purchased at an average cost of GBX 761 ($9.44) per share, for a total transaction of £958.86 ($1,189.51).
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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