Sky Plc (LON:SKY)‘s stock had its “hold” rating restated by equities research analysts at HSBC Holdings plc in a research report issued to clients and investors on Monday. They presently have a GBX 1,075 ($13.70) price target on the stock. HSBC Holdings plc’s price objective would suggest a potential upside of 11.98% from the company’s previous close.

A number of other brokerages have also weighed in on SKY. Liberum Capital restated a “hold” rating and issued a GBX 1,060 ($13.50) price objective on shares of Sky Plc in a report on Wednesday, March 8th. Jefferies Group LLC upgraded shares of Sky Plc to a “buy” rating and raised their price objective for the company from GBX 1,050 ($13.38) to GBX 1,200 ($15.29) in a report on Wednesday, April 26th. Macquarie restated an “outperform” rating and issued a GBX 1,100 ($14.01) price objective on shares of Sky Plc in a report on Monday, June 12th. Shore Capital reiterated a “hold” rating on shares of Sky Plc in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada cut their price target on shares of Sky Plc from GBX 1,125 ($14.33) to GBX 1,075 ($13.70) and set an “outperform” rating on the stock in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,097.81 ($13.99).

Analyst Recommendations for Sky Plc (LON:SKY)

Shares of Sky Plc (LON:SKY) traded down 0.52% during mid-day trading on Monday, hitting GBX 960.00. The company had a trading volume of 2,070,549 shares. The firm’s market capitalization is GBX 16.41 billion. The firm has a 50-day moving average price of GBX 990.30 and a 200 day moving average price of GBX 980.71. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,050.00.

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In other Sky Plc news, insider Matthieu Pigasse acquired 257 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were bought at an average cost of GBX 984 ($12.54) per share, for a total transaction of £2,528.88 ($3,221.91). Also, insider Martin J. Gilbert acquired 91 shares of the company’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of GBX 1,001 ($12.75) per share, for a total transaction of £910.91 ($1,160.54). Over the last 90 days, insiders acquired 446 shares of company stock worth $440,117.

About Sky Plc

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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