Macquarie Has Just Reaffirmed GBX 1400.00 Target Price Per Share on Sky (LON:SKY) stock, While They’ve Also Reiterated Their Outperform Rating


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.

Macquarie Has Just Reaffirmed GBX 1400.00 Target Price Per Share on Sky (LON:SKY) stock, While They’ve Also Reiterated Their Outperform Rating

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).