Shares of Sky Plc (LON:SKY) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,330.63 ($17.22).
SKY has been the topic of a number of analyst reports. Liberum Capital reiterated a “buy” rating and set a GBX 1,250 ($16.18) price objective on shares of SKY in a research report on Thursday, April 19th. Shore Capital reiterated a “hold” rating and set a GBX 1,359 ($17.59) price objective on shares of SKY in a research report on Thursday, April 26th. Credit Suisse Group lifted their price objective on SKY from GBX 1,380 ($17.86) to GBX 1,410 ($18.25) and gave the stock a “neutral” rating in a research report on Monday, April 30th. Jefferies Financial Group lifted their price objective on SKY from GBX 1,160 ($15.02) to GBX 1,600 ($20.71) and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Finally, UBS Group set a GBX 1,500 ($19.42) price objective on SKY and gave the stock a “buy” rating in a research report on Wednesday, June 6th.
Shares of LON SKY traded up GBX 2.50 ($0.03) during midday trading on Tuesday, hitting GBX 1,530.50 ($19.81). The stock had a trading volume of 2,041,920 shares, compared to its average volume of 5,600,000. SKY has a 1 year low of GBX 11.40 ($0.15) and a 1 year high of GBX 1,378 ($17.84).
SKY (LON:SKY) last released its earnings results on Thursday, July 26th. The company reported GBX 67.30 ($0.87) earnings per share for the quarter, beating the consensus estimate of GBX 65.10 ($0.84) by GBX 2.20 ($0.03). SKY had a return on equity of 27.18% and a net margin of 7.96%.
In other SKY news, insider Matthieu Pigasse bought 74 shares of the business’s stock in a transaction on Friday, May 25th. The stock was bought at an average price of GBX 1,350 ($17.48) per share, with a total value of £999 ($1,293.20). Also, insider Tracy Jayne Clarke bought 38 shares of the business’s stock in a transaction on Friday, July 27th. The shares were acquired at an average cost of GBX 1,515 ($19.61) per share, with a total value of £575.70 ($745.24). In the last three months, insiders have acquired 177 shares of company stock valued at $251,070.
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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