SKY’s (SKY) “Neutral” Rating Reaffirmed at Credit Suisse Group

SKY (LON:SKY)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,075 ($14.85) target price on the stock. Credit Suisse Group’s price target suggests a potential downside of 0.65% from the stock’s current price.

A number of other equities analysts also recently issued reports on SKY. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,060 ($14.64) price target on shares of SKY in a research report on Friday, October 27th. Citigroup reduced their price target on SKY from GBX 1,350 ($18.65) to GBX 1,130 ($15.61) and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Finally, Shore Capital reaffirmed a “hold” rating on shares of SKY in a research report on Friday, December 15th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SKY currently has an average rating of “Buy” and a consensus target price of GBX 1,122 ($15.50).

SKY (LON:SKY) traded up GBX 21 ($0.29) during trading on Tuesday, reaching GBX 1,082 ($14.95). The company’s stock had a trading volume of 13,328,760 shares, compared to its average volume of 3,670,000. The stock has a market capitalization of $18,600.00 and a price-to-earnings ratio of 2,080.77. SKY has a one year low of GBX 11.40 ($0.16) and a one year high of GBX 1,100.60 ($15.21).

SKY (LON:SKY) last posted its earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.43) earnings per share for the quarter. The company had revenue of GBX 673.70 billion during the quarter. SKY had a return on equity of 20.30% and a net margin of 5.69%.

In other SKY news, insider Tracy Jayne Clarke purchased 70 shares of the stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of GBX 1,019 ($14.08) per share, with a total value of £713.30 ($985.49). Over the last ninety days, insiders acquired 214 shares of company stock worth $213,797.

COPYRIGHT VIOLATION WARNING: “SKY’s (SKY) “Neutral” Rating Reaffirmed at Credit Suisse Group” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/14/skys-sky-neutral-rating-reaffirmed-at-credit-suisse-group.html.

SKY 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.

Analyst Recommendations for SKY (LON:SKY)

Receive News & Ratings for SKY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SKY and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply