Credit Suisse Group Reaffirms Neutral Rating for SKY (SKY)

Credit Suisse Group restated their neutral rating on shares of SKY (LON:SKY) in a report published on Monday, December 18th. The brokerage currently has a GBX 1,075 ($14.58) price objective on the stock.

Several other analysts also recently commented on SKY. Citigroup lowered their price objective on SKY from GBX 1,350 ($18.31) to GBX 1,130 ($15.32) and set a buy rating for the company in a research note on Wednesday, November 1st. S&P Global set a GBX 1,075 ($14.58) price objective on SKY and gave the company a buy rating in a report on Friday, October 13th. Liberum Capital reissued a hold rating and set a GBX 1,060 ($14.37) price objective on shares of SKY in a report on Monday, September 11th. Jefferies Group reissued a buy rating and set a GBX 1,160 ($15.73) price objective on shares of SKY in a report on Wednesday, September 13th. Finally, Shore Capital reissued a hold rating on shares of SKY in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 1,098.33 ($14.89).

Shares of SKY (LON:SKY) traded down GBX 9 ($0.12) during trading on Monday, hitting GBX 1,009.50 ($13.69). The stock had a trading volume of 1,692,720 shares, compared to its average volume of 3,870,000. The stock has a market capitalization of $17,510.00 and a P/E ratio of 2,523.75. SKY has a 12-month low of GBX 11.40 ($0.15) and a 12-month high of GBX 1,028.50 ($13.95).

In other SKY news, insider Tracy Jayne Clarke bought 75 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average cost of GBX 940 ($12.75) per share, with a total value of £705 ($956.06). Also, insider Andrew (Andy) Sukawaty bought 113 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of GBX 938 ($12.72) per share, for a total transaction of £1,059.94 ($1,437.40). In the last quarter, insiders bought 258 shares of company stock worth $247,824.

ILLEGAL ACTIVITY WARNING: This article was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/11/sky-sky-rating-reiterated-by-credit-suisse-group.html.

About SKY

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 (LON:SKY)

Receive News & Ratings for SKY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SKY and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply