SKY (SKY) Stock Rating Lowered by Liberum Capital

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).

SKY (LON:SKY) last issued its quarterly earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.44) earnings per share (EPS) for the quarter. The company had revenue of GBX 673.70 billion for the quarter. SKY had a return on equity of 27.18% and a net margin of 7.96%.

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.

Analyst Recommendations for SKY (LON:SKY)

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