Sky Plc (SKY) Stock Rating Reaffirmed by Morgan Stanley
Sky Plc (LON:SKY)‘s stock had its “overweight” rating reiterated by Morgan Stanley in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,000 ($12.41) price target on the stock. Morgan Stanley’s price target would suggest a potential upside of 28.04% from the company’s previous close.
SKY has been the subject of several other reports. Goldman Sachs Group Inc. restated a “buy” rating on shares of Sky Plc in a research report on Tuesday, September 27th. Liberum Capital restated a “sell” rating and set a GBX 630 ($7.82) price target on shares of Sky Plc in a research report on Thursday, September 22nd. Barclays PLC restated an “overweight” rating and set a GBX 950 ($11.79) price target on shares of Sky Plc in a research report on Wednesday, August 31st. Macquarie restated an “outperform” rating and set a GBX 1,400 ($17.37) price target on shares of Sky Plc in a research report on Thursday, August 25th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 1,425 ($17.68) price target on shares of Sky Plc in a research report on Tuesday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 1,058.36 ($13.13).
Shares of Sky Plc (LON:SKY) opened at 781.00 on Tuesday. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The company has a 50-day moving average price of GBX 809.00 and a 200-day moving average price of GBX 865.82. The company’s market capitalization is GBX 13.34 billion.
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In other news, insider Adine Grate purchased 20,200 shares of Sky Plc stock in a transaction that occurred on Monday, October 24th. The stock was bought at an average price of GBX 816 ($10.12) per share, with a total value of £164,832 ($204,480.83). Also, insider Andrew (Andy) Sukawaty purchased 126 shares of Sky Plc stock in a transaction that occurred on Friday, November 25th. The shares were purchased at an average cost of GBX 761 ($9.44) per share, with a total value of £958.86 ($1,189.51).
About Sky Plc
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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