SKY (SKY) Rating Reiterated by Citigroup

SKY (LON:SKY)‘s stock had its “buy” rating reiterated by analysts at Citigroup in a research note issued on Thursday. They presently have a GBX 1,130 ($15.32) price target on the stock. Citigroup’s target price would indicate a potential upside of 7.82% from the stock’s current price.

A number of other brokerages have also commented on SKY. Royal Bank of Canada reissued an “outperform” rating on shares of SKY in a research note on Tuesday, January 16th. Liberum Capital reissued a “buy” rating and set a GBX 1,060 ($14.37) price target on shares of SKY in a research note on Friday, October 27th. Credit Suisse Group reissued a “neutral” rating and set a GBX 1,075 ($14.58) price target on shares of SKY in a research note on Monday, December 18th. Finally, S&P Global set a GBX 1,075 ($14.58) price target on SKY and gave the company a “buy” rating in a research note on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,106 ($15.00).

Shares of SKY (LON SKY) traded up GBX 12 ($0.16) on Thursday, reaching GBX 1,048 ($14.21). The company’s stock had a trading volume of 8,037,868 shares, compared to its average volume of 3,430,000. The stock has a market capitalization of $18,020.00 and a PE ratio of 2,620.00. SKY has a fifty-two week low of GBX 11.40 ($0.15) and a fifty-two week high of GBX 1,049.50 ($14.23).

SKY (LON:SKY) last released its earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.42) earnings per share (EPS) for the quarter. SKY had a return on equity of 20.30% and a net margin of 5.69%. The firm had revenue of GBX 673.70 billion during the quarter.

In related news, insider Tracy Jayne Clarke acquired 75 shares of the stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of GBX 940 ($12.75) per share, with a total value of £705 ($956.06). Insiders bought a total of 214 shares of company stock valued at $213,797 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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