SKY (SKY) Rating Reiterated by Royal Bank of Canada

SKY (LON:SKY)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research note issued on Tuesday.

A number of other brokerages have also recently commented on SKY. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 1,075 ($14.58) target price on shares of SKY in a report on Friday, January 12th. Shore Capital reaffirmed a “hold” rating on shares of SKY in a report on Friday, December 15th. Citigroup reduced their target price on shares of SKY from GBX 1,350 ($18.31) to GBX 1,130 ($15.32) and set a “buy” rating for the company in a report on Wednesday, November 1st. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,060 ($14.37) target price on shares of SKY in a report on Wednesday, December 6th. Finally, S&P Global set a GBX 1,075 ($14.58) target price on shares of SKY and gave the company a “buy” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,103 ($14.96).

Shares of SKY (LON:SKY) traded down GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 1,001 ($13.57). 998,636 shares of the stock were exchanged, compared to its average volume of 3,610,000. SKY has a 1-year low of GBX 11.40 ($0.15) and a 1-year high of GBX 1,028.50 ($13.95). The stock has a market capitalization of $17,240.00 and a PE ratio of 2,502.50.

In related news, insider Tracy Jayne Clarke bought 70 shares of the stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of GBX 1,019 ($13.82) per share, for a total transaction of £713.30 ($967.32). Also, insider Andrew (Andy) Sukawaty bought 113 shares of the stock in a transaction 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). Over the last quarter, insiders have bought 258 shares of company stock worth $247,824.

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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.

Analyst Recommendations for SKY (LON:SKY)

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