Sky Plc’s (SKY) Buy Rating Reaffirmed at Liberum Capital

Sky Plc (LON:SKY)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research report issued on Friday. They currently have a GBX 1,060 ($13.99) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 12.83% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,350 ($17.81) price objective on shares of Sky Plc in a report on Thursday, June 29th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 1,075 ($14.19) price objective on shares of Sky Plc in a report on Wednesday, September 13th. Shore Capital reiterated a “hold” rating on shares of Sky Plc in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,075 ($14.19) target price on shares of Sky Plc in a research report on Monday, July 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a GBX 1,160 ($15.31) target price on shares of Sky Plc in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,118 ($14.75).

Shares of Sky Plc (LON SKY) opened at 939.50 on Friday. The company’s market cap is GBX 16.09 billion. Sky Plc has a 12 month low of GBX 747.50 and a 12 month high of GBX 1,050.00. The company’s 50 day moving average is GBX 929.72 and its 200-day moving average is GBX 964.54.

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In related news, insider Andrew Neal Griffith acquired 25,135 shares of the stock in a transaction on Friday, September 1st. The stock was purchased at an average price of GBX 956 ($12.62) per share, for a total transaction of £240,290.60 ($317,089.73). Also, insider Matthieu Pigasse acquired 103 shares of the stock in a transaction on Wednesday, September 27th. The stock was bought at an average price of GBX 915 ($12.07) per share, with a total value of £942.45 ($1,243.67). Insiders acquired a total of 25,339 shares of company stock valued at $24,219,457 in the last 90 days.

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.

Analyst Recommendations for Sky Plc (LON:SKY)

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