Sky Plc (LON:SKY) Stock Rating Reaffirmed by Royal Bank of Canada
Sky Plc (LON:SKY)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Monday. They currently have a GBX 1,075 ($13.92) price objective on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 8.15% from the company’s previous close.
Several other equities research analysts have also recently issued reports on SKY. Jefferies Group LLC restated a “hold” rating and set a GBX 1,050 ($13.60) price objective on shares of Sky Plc in a research report on Tuesday, April 18th. Shore Capital reiterated a “hold” rating on shares of Sky Plc in a research report on Wednesday, April 19th. Liberum Capital reiterated a “hold” rating and set a GBX 1,060 ($13.73) price target on shares of Sky Plc in a research report on Thursday, April 20th. Macquarie reiterated an “outperform” rating and set a GBX 1,100 ($14.25) price target on shares of Sky Plc in a research report on Monday, June 12th. Finally, HSBC Holdings plc reiterated a “hold” rating and set a GBX 1,075 ($13.92) price target on shares of Sky Plc in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Sky Plc presently has a consensus rating of “Hold” and an average price target of GBX 1,097.81 ($14.22).
Sky Plc (SKY) traded up 0.51% during mid-day trading on Monday, hitting GBX 995.00. 1,468,883 shares of the stock were exchanged. The stock’s market cap is GBX 17.00 billion. The stock’s 50 day moving average is GBX 984.42 and its 200 day moving average is GBX 988.65. Sky Plc has a 52-week low of GBX 747.50 and a 52-week high of GBX 1,050.00.
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In other news, insider Martin J. Gilbert bought 91 shares of Sky Plc stock in a transaction on Friday, May 26th. The shares were bought at an average cost of GBX 1,001 ($12.97) per share, for a total transaction of £910.91 ($1,179.94). Also, insider Andrew (Andy) Sukawaty bought 93 shares of Sky Plc stock in a transaction on Tuesday, June 27th. The stock was purchased at an average price of GBX 969 ($12.55) per share, for a total transaction of £901.17 ($1,167.32). Over the last 90 days, insiders acquired 441 shares of company stock worth $434,096.
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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