Sky Plc’s (SKY) Neutral Rating Reiterated at Credit Suisse Group
Credit Suisse Group reiterated their neutral rating on shares of Sky Plc (LON:SKY) in a research report released on Friday morning. The firm currently has a GBX 1,075 ($14.28) target price on the stock.
A number of other research firms have also commented on SKY. Liberum Capital reissued a hold rating and issued a GBX 1,060 ($14.08) target price on shares of Sky Plc in a report on Thursday, June 15th. HSBC Holdings plc reissued a hold rating and issued a GBX 1,075 ($14.28) target price on shares of Sky Plc in a report on Monday, June 19th. Citigroup Inc. reissued a buy rating and issued a GBX 1,350 ($17.94) target price on shares of Sky Plc in a report on Thursday, June 29th. Royal Bank Of Canada reissued an outperform rating and issued a GBX 1,075 ($14.28) target price on shares of Sky Plc in a report on Monday, July 10th. Finally, Shore Capital reissued a hold rating on shares of Sky Plc in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Sky Plc has a consensus rating of Buy and a consensus price target of GBX 1,130.63 ($15.02).
Sky Plc (SKY) opened at 936.00 on Friday. The firm has a 50-day moving average price of GBX 932.33 and a 200-day moving average price of GBX 966.37. Sky Plc has a 52 week low of GBX 747.50 and a 52 week high of GBX 1,050.00. The company’s market cap is GBX 16.03 billion.
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In related news, insider Andrew (Andy) Sukawaty purchased 92 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were bought at an average price of GBX 966 ($12.84) per share, with a total value of £888.72 ($1,180.87). Also, insider Jeremy Darroch sold 1,200,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of GBX 967 ($12.85), for a total transaction of £11,604,000 ($15,418,549.03). Insiders have purchased 25,431 shares of company stock worth $24,308,329 in the last three months.
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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