SKY’s (SKY) Hold Rating Reiterated at Shore Capital

SKY (LON:SKY)‘s stock had its “hold” rating reaffirmed by analysts at Shore Capital in a research report issued on Friday.

Several other equities analysts also recently issued reports on SKY. Liberum Capital upgraded shares of SKY to a “buy” rating and set a GBX 1,060 ($14.37) price objective for the company in a research note on Thursday, October 12th. S&P Global set a GBX 1,075 ($14.58) price objective on shares of SKY and gave the company a “buy” rating in a research note on Friday, October 13th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,075 ($14.58) price objective on shares of SKY in a research note on Friday, October 13th. Finally, Citigroup decreased their price objective on shares of SKY from GBX 1,350 ($18.31) to GBX 1,130 ($15.32) and set a “buy” rating for the company in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. SKY currently has an average rating of “Buy” and a consensus target price of GBX 1,103 ($14.96).

SKY (LON:SKY) traded up GBX 2 ($0.03) during midday trading on Friday, reaching GBX 1,002 ($13.59). 2,544,681 shares of the company’s stock traded hands, compared to its average volume of 3,430,000. SKY has a one year low of GBX 11.40 ($0.15) and a one year high of GBX 1,028.50 ($13.95). The firm has a market capitalization of $17,220.00 and a P/E ratio of 2,505.00.

In other news, insider Andrew (Andy) Sukawaty purchased 113 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average cost of GBX 938 ($12.72) per share, with a total value of £1,059.94 ($1,437.40). Also, insider Tracy Jayne Clarke purchased 70 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were purchased at an average cost of GBX 1,019 ($13.82) per share, with a total value of £713.30 ($967.32). Insiders bought 258 shares of company stock valued at $247,824 over the last ninety days.

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About SKY

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.

Analyst Recommendations for SKY (LON:SKY)

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