Today, Sky Plc (SKY) Given “Overweight” Rating at Morgan Stanley

Today, Sky Plc (SKY) Given “Overweight” Rating at Morgan Stanley

Sky Plc (LON:SKY)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a report issued on Tuesday. They currently have a GBX 1,000 ($12.41) price objective on the stock. Morgan Stanley’s target price points to a potential upside of 29.79% from the stock’s previous close.

Several other research analysts also recently commented on the company. Barclays PLC lifted their target price on Sky Plc from GBX 1,000 ($12.41) to GBX 1,050 ($13.03) and gave the stock an “overweight” rating in a research note on Monday, October 24th. Shore Capital downgraded Sky Plc to a “hold” rating and set a GBX 865 ($10.73) target price for the company. in a research note on Thursday, October 13th. Macquarie reiterated an “outperform” rating and set a GBX 1,400 ($17.37) target price on shares of Sky Plc in a research note on Friday, October 21st. Citigroup Inc. reiterated a “buy” rating on shares of Sky Plc in a research note on Friday, October 21st. Finally, Societe Generale restated a “buy” rating and issued a GBX 1,320 ($16.38) price target 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 assigned a buy rating to the company. Sky Plc presently has a consensus rating of “Hold” and an average price target of GBX 1,058.36 ($13.13).

Shares of Sky Plc (LON:SKY) opened at 774.50 on Tuesday. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The stock’s 50 day moving average price is GBX 809.00 and its 200 day moving average price is GBX 865.82. The company’s market cap is GBX 13.23 billion.

In related news, insider Martin J. Gilbert purchased 127 shares of Sky Plc stock in a transaction on Thursday, October 27th. The shares were purchased at an average price of GBX 799 ($9.91) per share, for a total transaction of £1,014.73 ($1,258.81). Also, insider Andrew (Andy) Sukawaty purchased 126 shares of Sky Plc stock in a transaction on Friday, November 25th. The stock was bought at an average price of GBX 761 ($9.44) per share, for a total transaction of £958.86 ($1,189.51).

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