The Sky Plc’s (SKY) “Outperform” Rating Reiterate at Macquarie

The Sky Plc’s (SKY) “Outperform” Rating Reiterate at Macquarie

Macquarie reaffirmed their outperform rating on shares of Sky Plc (LON:SKY) in a report issued on Wednesday morning. The firm currently has a GBX 1,400 ($17.49) price objective on the stock.

Other analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. increased their target price on Sky Plc from GBX 1,013 ($12.66) to GBX 1,029 ($12.86) and gave the company a buy rating in a research report on Wednesday, August 3rd. Deutsche Bank AG reissued a buy rating and issued a GBX 1,425 ($17.80) price objective on shares of Sky Plc in a research report on Friday, July 29th. Beaufort Securities reissued a buy rating on shares of Sky Plc in a research report on Friday, July 29th. Numis Securities Ltd raised Sky Plc to a buy rating and set a GBX 1,250 ($15.62) price objective for the company in a research report on Thursday, July 28th. Finally, Shore Capital reissued a buy rating on shares of Sky Plc in a research report on Thursday, July 28th. 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 stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,058.36 ($13.22).

Shares of Sky Plc (LON:SKY) opened at 773.50 on Wednesday. The stock’s market cap is GBX 13.21 billion. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The firm has a 50-day moving average price of GBX 814.66 and a 200-day moving average price of GBX 868.00.

In other news, insider Darroch,Jeremy acquired 61,793 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average cost of GBX 864 ($10.79) per share, for a total transaction of £533,891.52 ($667,030.88). Also, insider Andrew (Andy) Sukawaty acquired 126 shares of the business’s stock in a transaction on Friday, November 25th. The shares were purchased at an average price of GBX 761 ($9.51) per share, with a total value of £958.86 ($1,197.98).

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