Sky Plc’s (SKY) Overweight Rating Reaffirmed at Morgan Stanley
Several other research analysts also recently weighed in on SKY. Kepler Capital Markets restated a hold rating and set a GBX 1,100 ($13.65) price objective on shares of Sky Plc in a report on Monday, August 1st. Goldman Sachs Group Inc. upped 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 upgraded shares of Sky Plc to a neutral rating and set a GBX 875 ($10.85) price objective on the stock in a report on Thursday, August 4th. Liberum Capital restated a sell rating and set a GBX 630 ($7.82) price objective on shares of Sky Plc in a report on Friday, August 19th. Finally, Macquarie restated an outperform rating and set a GBX 1,400 ($17.37) price objective on shares of Sky Plc in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 1,058.36 ($13.13).
Sky Plc (LON:SKY) opened at 771.50 on Tuesday. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The company has a 50-day moving average of GBX 809.00 and a 200 day moving average of GBX 865.82. The firm’s market capitalization is GBX 13.18 billion.
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In related news, insider Martin J. Gilbert bought 127 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were acquired at an average cost of GBX 799 ($9.91) per share, with a total value of £1,014.73 ($1,258.81). Also, insider Dave Lewis bought 337 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was bought at an average cost of GBX 842 ($10.45) per share, for a total transaction of £2,837.54 ($3,520.08).
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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