Sky (LON:SKY) Rating Reaffirmed
In a recent research report sent to clients and investors on Friday, 11 December, The Outperform rating of Sky (LON:SKY) shares was has decided to restate by Analysts at Macquarie, who now has a GBX 1400.00 target price on the stock. Macquarie’s target price would possibly suggest a possible upside of 30.11% from the last stock close of the company.
From a total of 14 analysts covering Sky Plc (LON:SKY) stock, 8 rate it a ”Buy”, 3 a “Sell”, and 3 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is GBX 1500 while the lowest target price is GBX 1. The mean of all analyst targets is GBX 1157.25 with a 7.75% above today’s (GBX 1074) stock price. Sky Plc was the topic of 52 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 4 with “Buy” rating. UBS maintained shares with “Buy” rating and GBX 1350 target share price in a report from a November 25. Nomura maintained SKY stock in a recent report from December 3 with “Buy” rating. Barclays Capital maintained the rating on October 28. Barclays Capital has a “Overweight” rating and a GBX 1175 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 19.
Approximately 156,786 shares of stock traded hands. SKY PLC (LON:SKY) has declined 0.09% since May 14, 2015 and is downtrending. It has outperformed by 2.93% the S&P500.
The overall sentiment of institutions has decreased to 0.8 in Q2 2015. Its down 0.06, from 0.86 in 2015Q2. The ratio turned negative, as 1 institutions have sold all the shares of SKY PLC that they owned while 4 funds have taken shares off the table. 1 funds have purchased shares for the first time while 3 added to their positions. These institutions now hold 3.66 million shares or 11.40% more than the 3.28 million shares they owned in 2015Q2.
The Fund New Jersey Better Educational Savings Trust currently is holding shares equating to 0.28% of its total portfolio in SKY PLC representing a total of 138,000 shares. Another fund,Gendell Jeffrey L, is holding a total of 390,405 shares equating to 0.23% of their holdings. Additionally, Sabby Management Llc has a 447,944 share stake in SKY PLC which represents 0.14% of their total portfolio. The Fund, Robotti Robert, based out of New York, has also built up a stake in the stock, which represents a total of 0.03% of their total portfolio. Finally Clenar Muke Llc, a fund which is based in the state of Michigan reported a total holdings of 10,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to October 22, 2015, shareholders of SKY PLC have witnessed 2 buys, and a total of 0 insider sales equating to a net activity of approximately $38,900 . Firth John C bought 3,000 shares worth approximately $9,000. Florea Richard W bought 10,000 shares worth approximately $29,900.
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The company has a market cap of 18.60 billion GBP. The Firm serves approximately 21 million clients across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. It has 13.74 P/E ratio. The Firm owns and operates Britain and Ireland’s portfolio of pay television channels across entertainment, sports, movies and 24-hour news.
According to Zacks Investment Research, “Skyline Corporation designs, produces and distributes manufactured housing and recreational vehicles.” Get a free copy of the Zacks research report on SKY PLC (SKY).