Liberum Capital Reaffirms “Buy” Rating for SKY (SKY)

Liberum Capital reissued their buy rating on shares of SKY (LON:SKY) in a research note released on Monday morning. The brokerage currently has a GBX 1,060 ($14.37) price objective on the stock.

Several other equities analysts have also weighed in on SKY. S&P Global set a GBX 1,075 ($14.58) price objective on shares of SKY and gave the company a buy rating in a report on Friday, October 13th. Credit Suisse Group reiterated a neutral rating and set a GBX 1,075 ($14.58) price objective on shares of SKY in a report on Friday, October 13th. Citigroup dropped their price objective on shares of SKY from GBX 1,350 ($18.31) to GBX 1,130 ($15.32) and set a buy rating on the stock in a report on Wednesday, November 1st. Finally, Shore Capital reiterated a hold rating on shares of SKY in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. SKY has a consensus rating of Buy and a consensus target price of GBX 1,103 ($14.96).

Shares of SKY (SKY) traded up GBX 3 ($0.04) during midday trading on Monday, hitting GBX 1,003 ($13.60). 1,116,438 shares of the stock traded hands, compared to its average volume of 3,430,000. SKY has a 52-week low of GBX 11.40 ($0.15) and a 52-week high of GBX 1,028.50 ($13.95). The firm has a market capitalization of $17,240.00 and a price-to-earnings ratio of 2,507.50.

In other SKY news, insider Andrew (Andy) Sukawaty bought 113 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average price of GBX 938 ($12.72) per share, for a total transaction of £1,059.94 ($1,437.40). Also, insider Tracy Jayne Clarke bought 70 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was acquired at an average price of GBX 1,019 ($13.82) per share, for a total transaction of £713.30 ($967.32). Insiders purchased a total of 258 shares of company stock worth $247,824 in the last 90 days.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.thestockobserver.com/2018/01/19/liberum-capital-reaffirms-buy-rating-for-sky-sky.html.

SKY Company Profile

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