British Sky Broadcasting Group’s Reduce Rating Reaffirmed at Investec (BSY)
British Sky Broadcasting Group (LON:BSY)‘s stock had its “reduce” rating reiterated by equities research analysts at Investec in a research note issued to investors on Thursday, Analyst Ratings Net reports. They currently have a GBX 825 ($13.17) price objective on the stock. Investec’s price objective suggests a potential downside of 10.52% from the company’s current price.
Shares of British Sky Broadcasting Group (LON:BSY) traded up 5.01% on Thursday, hitting GBX 922.00. 8,755,380 shares of the company’s stock traded hands. British Sky Broadcasting Group has a 1-year low of GBX 703.75 and a 1-year high of GBX 905.50. The stock’s 50-day moving average is GBX 844.7 and its 200-day moving average is GBX 834.9. The company’s market cap is £14.503 billion.
A number of other firms have also recently commented on BSY. Analysts at Macquarie reiterated an “outperform” rating on shares of British Sky Broadcasting Group in a research note to investors on Tuesday. They now have a GBX 900 ($14.37) price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of British Sky Broadcasting Group in a research note to investors on Tuesday. They now have a GBX 860 ($13.73) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of British Sky Broadcasting Group in a research note to investors on Tuesday. They now have a GBX 935 ($14.93) price target on the stock. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 869.99 ($13.89).
British Sky Broadcasting Group plc (LON:BSY) and its subsidiaries operates multichannel, multiplatform pay television service in the United Kingdom and Ireland.
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