SKY (SKY) Earns Buy Rating from Liberum Capital

SKY (LON:SKY)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research report issued on Monday, December 18th, StockTargetPrices.com reports. They currently have a GBX 1,060 ($14.37) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 4.95% from the company’s current price.

Several other brokerages have also recently issued reports on SKY. Shore Capital reiterated a “hold” rating on shares of SKY in a report on Friday, December 15th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,075 ($14.58) target price on shares of SKY in a research note on Friday, October 13th. Citigroup dropped their target price 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 research note on Wednesday, November 1st. S&P Global set a GBX 1,075 ($14.58) target price on shares of SKY and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 1,160 ($15.73) price objective on shares of SKY in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 1,100.45 ($14.92).

Shares of SKY (LON SKY) traded up GBX 0.50 ($0.01) during midday trading on Monday, hitting GBX 1,010 ($13.70). 7,657,255 shares of the stock traded hands, compared to its average volume of 3,870,000. The stock has a market cap of $17,370.00 and a PE ratio of 2,525.00. SKY has a 52-week low of GBX 11.40 ($0.15) and a 52-week high of GBX 1,028.50 ($13.95).

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

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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.

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Analyst Recommendations for SKY (LON:SKY)

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