Todays Report: Today, Macquarie Reiterates “Outperform” Rating for Sky Plc (SKY)

Today, Macquarie Reiterates “Outperform” Rating for Sky Plc (SKY)

Sky Plc (LON:SKY)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a research note issued to investors on Wednesday. They presently have a GBX 1,400 ($17.49) price objective on the stock. Macquarie’s target price would indicate a potential upside of 84.82% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley upgraded shares of Sky Plc to an “overweight” rating and decreased their target price for the company from GBX 1,025 ($12.81) to GBX 1,000 ($12.49) in a research note on Monday, September 19th. Barclays PLC boosted their target price on shares of Sky Plc from GBX 1,000 ($12.49) to GBX 1,050 ($13.12) and gave the company an “overweight” rating in a research note on Monday, October 24th. Shore Capital lowered shares of Sky Plc to a “hold” rating and set a GBX 865 ($10.81) target price for the company. in a research note on Thursday, October 13th. Citigroup Inc. reiterated a “buy” rating on shares of Sky Plc in a research note on Friday, October 21st. Finally, Societe Generale reiterated a “buy” rating and set a GBX 1,320 ($16.49) target price on shares of Sky Plc in a research note on Friday, October 21st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 1,058.36 ($13.22).

Shares of Sky Plc (LON:SKY) opened at 763.00 on Wednesday. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The company’s 50-day moving average price is GBX 818.07 and its 200 day moving average price is GBX 868.56. The company’s market cap is GBX 13.03 billion.

In other news, insider Darroch,Jeremy acquired 61,793 shares of Sky Plc stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average cost of GBX 864 ($10.79) per share, with a total value of £533,891.52 ($667,030.88). Also, insider Martin J. Gilbert acquired 127 shares of Sky Plc stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average cost of GBX 799 ($9.98) per share, for a total transaction of £1,014.73 ($1,267.78).

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