Kepler Capital Markets Reiterates Hold Rating for Sky Plc (SKY)
Sky Plc (LON:SKY)‘s stock had its “hold” rating reissued by analysts at Kepler Capital Markets in a research report issued on Monday, MarketBeat.Com reports. They currently have a GBX 1,100 ($15.67) price objective on the stock. Kepler Capital Markets’ price target suggests a potential upside of 4.96% from the stock’s current price.
Sky Plc (LON:SKY) traded up 1.53% during trading on Monday, reaching GBX 1062.00. The company had a trading volume of 2,722,255 shares. The stock has a 50 day moving average price of GBX 1,077.32 and a 200 day moving average price of GBX 1,077.64. Sky Plc has a 12 month low of GBX 899.50 and a 12 month high of GBX 1,180.00.
Several other equities analysts have also recently issued reports on SKY. Liberum Capital reiterated a “sell” rating and set a GBX 530 ($7.55) price target on shares of Sky Plc in a research report on Wednesday, September 30th. Barclays reiterated an “overweight” rating and set a GBX 1,175 ($16.74) price target on shares of Sky Plc in a research report on Wednesday, September 30th. Credit Suisse upgraded Sky Plc to an “outperform” rating and lifted their price target for the company from GBX 630 ($8.98) to GBX 1,287 ($18.34) in a research report on Wednesday, October 14th. Jefferies Group restated a “hold” rating and issued a GBX 915 ($13.04) target price on shares of Sky Plc in a report on Thursday, October 15th. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 1,250 ($17.81) target price on shares of Sky Plc in a report on Friday, October 16th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,044.81 ($14.89).
In other news, insider Sukawaty,Andrew (Andy) acquired 116 shares of Sky Plc stock in a transaction that occurred on Friday, November 27th. The stock was purchased at an average price of GBX 1,117 ($15.91) per share, with a total value of £1,295.72 ($1,846.02). Also, insider Lewis,Dave acquired 289 shares of Sky Plc stock in a transaction that occurred on Wednesday, January 27th. The shares were purchased at an average cost of GBX 1,047 ($14.92) per share, with a total value of £3,025.83 ($4,310.91).
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (LON:SKY) channels across entertainment, sports, movies and 24-hour news. It operates in three segments: UK & Ireland, which include the activities and operations of the pay TV, home communications and adjacent businesses in the United Kingdom and Ireland; Italy, which include the activities and operations of the pay TV and adjacent businesses in Italy, and Germany & Austria, which include the activities and operations of the pay TV and adjacent businesses in Germany and Austria. The Company’s Sky Sports’ seven channels broadcast a range of live and exclusive sport, news and analysis, from football and golf to cricket and tennis.
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