Todays Report: The Sky Plc (SKY) Receives New Coverage from Analysts at Credit Suisse Group AG

The Sky Plc (SKY) Receives New Coverage from Analysts at Credit Suisse Group AG

Credit Suisse Group AG initiated coverage on shares of Sky Plc (LON:SKY) in a research note issued to investors on Tuesday. The brokerage issued an outperform rating and a GBX 980 ($12.24) price target on the stock.

Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group Inc. restated a buy rating on shares of Sky Plc in a research note on Tuesday, September 27th. Liberum Capital restated a sell rating and set a GBX 630 ($7.87) price objective on shares of Sky Plc in a research note on Thursday, September 22nd. Morgan Stanley restated an overweight rating and set a GBX 1,000 ($12.49) price objective on shares of Sky Plc in a research note on Tuesday, September 27th. Macquarie restated an outperform rating and set a GBX 1,400 ($17.49) price objective on shares of Sky Plc in a research note on Thursday, August 25th. Finally, Barclays PLC restated an overweight rating and set a GBX 950 ($11.87) price objective on shares of Sky Plc in a research note on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 1,058.36 ($13.22).

Shares of Sky Plc (LON:SKY) opened at 771.8108 on Tuesday. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The stock has a 50 day moving average of GBX 814.66 and a 200-day moving average of GBX 868.00. The company’s market cap is GBX 13.18 billion.

In other Sky Plc news, insider Martin J. Gilbert purchased 127 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was purchased at an average price of GBX 799 ($9.98) per share, for a total transaction of £1,014.73 ($1,267.78). Also, insider Adine Grate purchased 20,200 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were acquired at an average price of GBX 816 ($10.19) per share, with a total value of £164,832 ($205,937.03).

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