Sky Plc (SKY) Receives Average Rating of “Hold” from Brokerages

Shares of Sky Plc (LON:SKY) have been given an average recommendation of “Hold” by the twenty-three research firms that are covering the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,110.56 ($13.72).

A number of research analysts have weighed in on SKY shares. Credit Suisse Group AG started coverage on shares of Sky Plc in a research report on Tuesday, November 22nd. They set an “outperform” rating and a GBX 980 ($12.10) price target on the stock. Shore Capital reaffirmed a “hold” rating on shares of Sky Plc in a research report on Monday, December 12th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,250 ($15.44) price target on shares of Sky Plc in a research report on Monday, December 12th. Macquarie reaffirmed an “outperform” rating and set a GBX 1,400 ($17.29) price target on shares of Sky Plc in a research report on Wednesday, November 23rd. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,075 ($13.28) price target on shares of Sky Plc in a research report on Wednesday, January 11th.

In related news, insider Tracy Jayne Clarke purchased 63 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was acquired at an average price of GBX 998 ($12.33) per share, for a total transaction of £628.74 ($776.51). Also, insider Andrew (Andy) Sukawaty purchased 96 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was bought at an average price of GBX 1,005 ($12.41) per share, with a total value of £964.80 ($1,191.55). In the last 90 days, insiders purchased 260 shares of company stock valued at $258,940.

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Shares of Sky Plc (LON:SKY) traded down 0.20% during midday trading on Monday, hitting GBX 987.50. 2,345,668 shares of the company’s stock were exchanged. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,050.00. The stock’s market cap is GBX 16.88 billion. The stock’s 50 day moving average is GBX 997.93 and its 200-day moving average is GBX 909.34.

Sky Plc 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.

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