Sky Plc’s (SKY) Buy Rating Reiterated at Liberum Capital
Sky Plc (LON:SKY)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a note issued to investors on Friday. They presently have a GBX 1,060 ($13.94) price target on the stock. Liberum Capital’s price objective suggests a potential upside of 12.77% from the company’s previous close.
A number of other equities analysts have also recently issued reports on SKY. Shore Capital reissued a “hold” rating on shares of Sky Plc in a research report on Thursday, July 27th. UBS AG set a GBX 1,310 ($17.23) price objective on shares of Sky Plc and gave the stock a “buy” rating in a research report on Thursday, July 27th. S&P Global set a GBX 1,075 ($14.14) price objective on shares of Sky Plc and gave the stock a “buy” rating in a research report on Thursday, July 27th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 1,075 ($14.14) price target on shares of Sky Plc in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 1,160 ($15.26) price target on shares of Sky Plc in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Sky Plc presently has an average rating of “Buy” and an average target price of GBX 1,095.88 ($14.41).
Sky Plc (SKY) traded up GBX 37 ($0.49) during mid-day trading on Friday, hitting GBX 940 ($12.36). 17,341,709 shares of the stock were exchanged, compared to its average volume of 4,310,000. Sky Plc has a one year low of GBX 747.50 ($9.83) and a one year high of GBX 1,050 ($13.81).
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In other news, insider Andrew (Andy) Sukawaty purchased 113 shares of Sky Plc stock in a transaction dated Friday, October 27th. The stock was purchased at an average cost of GBX 938 ($12.34) per share, for a total transaction of £1,059.94 ($1,394.11). Also, insider Matthieu Pigasse purchased 103 shares of Sky Plc stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average price of GBX 915 ($12.03) per share, with a total value of £942.45 ($1,239.58). Insiders have bought a total of 25,452 shares of company stock valued at $24,325,451 over the last 90 days.
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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