Sky Plc (SKY) Stock Rating Reaffirmed by Credit Suisse Group
Sky Plc (LON:SKY)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse Group in a research note issued on Friday. They presently have a GBX 1,075 ($14.13) price target on the stock. Credit Suisse Group’s price target would suggest a potential upside of 16.03% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Liberum Capital raised shares of Sky Plc to a “buy” rating and set a GBX 1,060 ($13.94) price objective for the company in a research report on Thursday. Shore Capital restated a “hold” rating on shares of Sky Plc in a research note on Thursday, July 27th. Citigroup Inc. restated a “buy” rating and set a GBX 1,350 ($17.75) target price on shares of Sky Plc in a research note on Thursday, June 29th. Jefferies Group LLC restated a “buy” rating and set a GBX 1,160 ($15.25) target price on shares of Sky Plc in a research note on Wednesday, September 13th. Finally, HSBC Holdings plc restated a “hold” rating and set a GBX 1,075 ($14.13) target price on shares of Sky Plc in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,129.72 ($14.85).
In other news, insider Andrew (Andy) Sukawaty bought 92 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was bought at an average cost of GBX 966 ($12.70) per share, for a total transaction of £888.72 ($1,168.45). Also, insider Matthieu Pigasse bought 101 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of GBX 952 ($12.52) per share, with a total value of £961.52 ($1,264.16). Insiders acquired a total of 25,431 shares of company stock valued at $24,308,329 in the last quarter.
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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