Other equities research analysts also recently issued reports about the company. Citigroup reiterated a buy rating and issued a GBX 1,130 ($15.33) target price on shares of SKY in a research report on Thursday, January 25th. Societe Generale reiterated a buy rating and issued a GBX 1,320 ($17.91) target price on shares of SKY in a research report on Friday, January 26th. Jefferies Group boosted their target price on SKY from GBX 1,160 ($15.74) to GBX 1,600 ($21.70) and gave the stock a buy rating in a research report on Tuesday, May 8th. Shore Capital reiterated a hold rating on shares of SKY in a research report on Thursday, January 25th. Finally, Credit Suisse Group upped their price objective on SKY from GBX 1,380 ($18.72) to GBX 1,410 ($19.13) and gave the company a neutral rating in a research report on Monday, April 30th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. SKY has a consensus rating of Hold and an average price target of GBX 1,260.82 ($17.10).
LON:SKY opened at GBX 1,365 ($18.52) 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 other SKY news, insider Matthieu Pigasse purchased 167 shares of SKY stock in a transaction dated Friday, April 27th. The shares were purchased at an average cost of GBX 1,365 ($18.52) per share, for a total transaction of £2,279.55 ($3,092.17). Also, insider Tracy Jayne Clarke purchased 55 shares of SKY 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). Over the last quarter, insiders bought 311 shares of company stock worth $416,951.
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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