Credit Suisse Lowers British Sky Broadcasting Group Price Target to GBX 600 (BSY)
Equities researchers at Credit Suisse reduced their price objective on shares of British Sky Broadcasting Group (LON:BSY) from GBX 700 ($11.54) to GBX 600 ($9.89) in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price objective points to a potential downside of 28.99% from the stock’s previous close.
British Sky Broadcasting Group (LON:BSY) traded down 2.82% on Thursday, hitting GBX 845.00. 5,064,833 shares of the company’s stock traded hands. British Sky Broadcasting Group has a one year low of GBX 761.307 and a one year high of GBX 951.00. The stock has a 50-day moving average of GBX 821.1 and a 200-day moving average of GBX 849.1. The company’s market cap is £13.283 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of British Sky Broadcasting Group in a research note to investors on Monday. They now have a GBX 941 ($15.51) 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 Thursday, January 9th. They now have a GBX 860 ($14.17) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of British Sky Broadcasting Group in a research note to investors on Wednesday, January 8th. They now have a GBX 750 ($12.36) price target on the stock. Eight analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. British Sky Broadcasting Group currently has a consensus rating of “Hold” and a consensus target price of GBX 865.68 ($14.27).
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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