Brokerages Set Sky Plc (SKY) PT at $1,110.56

Sky Plc (LON:SKY) has earned a consensus rating of “Hold” from the twenty-two research firms that are covering the firm. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,098.53 ($13.83).

A number of equities research analysts recently commented on SKY shares. Berenberg Bank reiterated a “hold” rating and set a GBX 1,075 ($13.53) price target on shares of Sky Plc in a report on Wednesday, January 11th. BNP Paribas restated a “neutral” rating and issued a GBX 1,075 ($13.53) price objective on shares of Sky Plc in a report on Monday, January 16th. Investec restated a “hold” rating and issued a GBX 1,075 ($13.53) price objective (up from GBX 800 ($10.07)) on shares of Sky Plc in a report on Thursday, January 5th. Liberum Capital restated a “hold” rating and issued a GBX 1,060 ($13.34) price objective on shares of Sky Plc in a report on Wednesday, March 8th. Finally, Beaufort Securities restated a “buy” rating on shares of Sky Plc in a report on Friday, January 27th.

Shares of Sky Plc (LON:SKY) traded down 0.46% during midday trading on Monday, reaching GBX 979.50. 7,650,609 shares of the company’s stock traded hands. The stock has a 50 day moving average of GBX 982.74 and a 200-day moving average of GBX 929.86. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,050.00. The stock’s market cap is GBX 16.74 billion.

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In other news, insider Tracy Jayne Clarke acquired 63 shares of the company’s stock in a transaction on Monday, February 27th. The stock was bought at an average cost of GBX 998 ($12.56) per share, with a total value of £628.74 ($791.37). Also, insider Andrew (Andy) Sukawaty acquired 98 shares of the company’s stock in a transaction on Monday, March 27th. The shares were purchased at an average cost of GBX 981 ($12.35) per share, with a total value of £961.38 ($1,210.04). Over the last ninety days, insiders have acquired 257 shares of company stock valued at $255,492.

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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