SKY’s (SKY) “Hold” Rating Reiterated at Shore Capital

Shore Capital reissued their hold rating on shares of SKY (LON:SKY) in a report issued on Monday morning.

A number of other research analysts also recently issued reports on the company. UBS Group reaffirmed a buy rating on shares of SKY in a report on Thursday, August 9th. Liberum Capital reaffirmed a hold rating on shares of SKY in a report on Wednesday, June 6th. Royal Bank of Canada upped their price target on SKY from GBX 1,150 ($14.98) to GBX 1,250 ($16.28) and gave the company a sector performer rating in a report on Thursday, June 14th. Finally, Macquarie downgraded SKY to a neutral rating and upped their price target for the company from GBX 1,100 ($14.33) to GBX 1,450 ($18.89) in a report on Thursday, July 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 1,393.20 ($18.15).

Shares of LON:SKY opened at GBX 1,727.50 ($22.50) on Monday. SKY has a 1 year low of GBX 11.40 ($0.15) and a 1 year high of GBX 1,378 ($17.95).

SKY (LON:SKY) last announced its quarterly earnings results on Thursday, July 26th. The company reported GBX 67.30 ($0.88) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 65.10 ($0.85) by GBX 2.20 ($0.03). SKY had a return on equity of 27.18% and a net margin of 7.96%.

In other news, insider Andrew Neal Griffith bought 15,427 shares of the stock in a transaction on Tuesday, August 28th. The shares were bought at an average price of GBX 1,545 ($20.13) per share, with a total value of £238,347.15 ($310,469.13). Also, insider Andrew (Andy) Sukawaty bought 49 shares of the stock in a transaction on Friday, August 24th. The stock was purchased at an average cost of GBX 1,536 ($20.01) per share, for a total transaction of £752.64 ($980.38). In the last three months, insiders acquired 15,514 shares of company stock worth $23,967,549.

About SKY

Sky plc, together with its subsidiaries, engages in entertainment and communications businesses. The company offers pay television broadcasting and home communications services, including broadband and telephone services; over-the-top subscriptions; and HD, UHD, multiscreen, line rental, second smartcard, premium HD, and mobile TV, as well as on demand services, such as Catch Up TV and box sets.

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Analyst Recommendations for SKY (LON:SKY)

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