SKY (LON:SKY) was downgraded by stock analysts at Liberum Capital to a “hold” rating in a research report issued on Wednesday. They presently have a GBX 1,400 ($19.53) price objective on the stock, up from their previous price objective of GBX 1,250 ($17.43). Liberum Capital’s price target indicates a potential upside of 3.02% from the stock’s previous close.
Several other research firms also recently weighed in on SKY. Societe Generale downgraded SKY to a “hold” rating and raised their target price for the company from GBX 1,250 ($17.43) to GBX 1,330 ($18.55) in a research report on Wednesday, February 28th. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 1,150 ($16.04) target price on shares of SKY in a research report on Tuesday, February 27th. Shore Capital restated a “hold” rating on shares of SKY in a research report on Tuesday, February 27th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,075 ($14.99) target price on shares of SKY in a research report on Tuesday, February 13th. Finally, Citigroup restated a “buy” rating and issued a GBX 1,130 ($15.76) target price on shares of SKY in a research report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,190.36 ($16.60).
Shares of SKY stock opened at GBX 1,359 ($18.95) on Wednesday. SKY has a 12-month low of GBX 11.40 ($0.16) and a 12-month high of GBX 1,378 ($19.22).
In related news, insider Tracy Jayne Clarke purchased 89 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of GBX 1,314 ($18.33) per share, with a total value of £1,169.46 ($1,631.05).
SKY Company Profile
Sky plc, together with its subsidiaries, engages in entertainment and communications businesses. The company offers pay television broadcasting and home communications services, including broadband and telephone services; over-the-top subscriptions; and HD, UHD, multiscreen, line rental, second smartcard, premium HD, and mobile TV, as well as on demand services, such as Catch Up TV and box sets.
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