Jefferies Group Boosts SKY (SKY) Price Target to GBX 1,600

SKY (LON:SKY) had its target price lifted by Jefferies Group from GBX 1,160 ($15.74) to GBX 1,600 ($21.70) in a research note published on Tuesday morning. Jefferies Group currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Liberum Capital raised their target price on SKY from GBX 930 ($12.62) to GBX 970 ($13.16) and gave the company a hold rating in a report on Wednesday, February 14th. Royal Bank of Canada restated an outperform rating on shares of SKY in a report on Tuesday, January 16th. Citigroup restated a buy rating and set a GBX 1,130 ($15.33) target price on shares of SKY in a report on Thursday, January 25th. Societe Generale restated a buy rating and set a GBX 1,320 ($17.91) target price on shares of SKY in a report on Friday, January 26th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 1,075 ($14.58) target price on shares of SKY in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 1,260.82 ($17.10).

Shares of LON:SKY opened at GBX 1,352.50 ($18.35) on Tuesday. SKY has a 12-month low of GBX 11.40 ($0.15) and a 12-month high of GBX 1,378 ($18.69).

In related news, insider Tracy Jayne Clarke acquired 55 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was acquired at an average price of GBX 1,310 ($17.77) per share, for a total transaction of £720.50 ($977.35). Also, insider Matthieu Pigasse acquired 167 shares of the firm’s stock in a transaction dated Friday, April 27th. The stock was bought at an average price of GBX 1,365 ($18.52) per share, with a total value of £2,279.55 ($3,092.17). Insiders bought a total of 311 shares of company stock valued at $416,951 in the last quarter.

About SKY

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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