Sky Plc (SKY) Rating Reiterated by Citigroup Inc.
Sky Plc (LON:SKY)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a research note issued to investors on Wednesday.
Several other research firms have also weighed in on SKY. Goldman Sachs Group Inc. raised their price objective on shares of Sky Plc from GBX 1,013 ($12.57) to GBX 1,029 ($12.77) and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Haitong Bank raised shares of Sky Plc to a “neutral” rating and set a GBX 875 ($10.85) price target for the company in a report on Thursday, August 4th. Barclays PLC raised their price target on shares of Sky Plc from GBX 950 ($11.79) to GBX 1,000 ($12.41) and gave the company an “overweight” rating in a report on Monday, October 3rd. Berenberg Bank reissued a “sell” rating and issued a GBX 730 ($9.06) price target on shares of Sky Plc in a report on Monday, October 3rd. Finally, Jefferies Group raised their price target on shares of Sky Plc from GBX 895 ($11.10) to GBX 915 ($11.35) and gave the company a “hold” rating in a report on Monday, October 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,058.36 ($13.13).
Sky Plc (LON:SKY) opened at 773.50 on Wednesday. The company has a 50-day moving average price of GBX 809.00 and a 200-day moving average price of GBX 865.82. The company’s market capitalization is GBX 13.21 billion. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00.
In other Sky Plc news, insider Andrew (Andy) Sukawaty purchased 126 shares of the business’s stock in a transaction on Friday, November 25th. The shares were purchased at an average cost of GBX 761 ($9.44) per share, with a total value of £958.86 ($1,189.51). Also, insider Adine Grate purchased 20,200 shares of the business’s stock in a transaction on Monday, October 24th. The shares were acquired at an average cost of GBX 816 ($10.12) per share, for a total transaction of £164,832 ($204,480.83).
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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