SKY (SKY) Receives “Buy” Rating from Liberum Capital

Liberum Capital reissued their buy rating on shares of SKY (LON:SKY) in a research note published on Friday morning. They currently have a GBX 1,060 ($14.37) price objective on the stock.

A number of other analysts have also recently commented on SKY. Credit Suisse Group restated a neutral rating and issued a GBX 1,075 ($14.58) price objective on shares of SKY in a research report on Friday, October 13th. Citigroup cut their price objective on SKY from GBX 1,350 ($18.31) to GBX 1,130 ($15.32) and set a buy rating for the company in a research report on Wednesday, November 1st. S&P Global set a GBX 1,075 ($14.58) price objective on SKY and gave the company a buy rating in a research report on Friday, October 13th. Jefferies Group restated a buy rating and issued a GBX 1,160 ($15.73) price objective on shares of SKY in a research report on Wednesday, September 13th. Finally, Shore Capital restated a hold rating on shares of SKY in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 1,098.33 ($14.89).

Shares of SKY (SKY) opened at GBX 1,014.50 ($13.76) on Friday. The company has a market capitalization of $17,360.00 and a P/E ratio of 2,536.25. SKY has a 12-month low of GBX 11.40 ($0.15) and a 12-month high of GBX 1,028.50 ($13.95).

The company also recently declared a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be given a dividend of GBX 10 ($0.14) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, January 11th.

In related news, insider Tracy Jayne Clarke acquired 75 shares of the stock in a transaction on Monday, November 27th. The shares were bought at an average price of GBX 940 ($12.75) per share, with a total value of £705 ($956.06). Also, insider Andrew (Andy) Sukawaty acquired 113 shares of the stock in a transaction on Friday, October 27th. The shares were bought at an average cost of GBX 938 ($12.72) per share, for a total transaction of £1,059.94 ($1,437.40). Insiders have purchased 258 shares of company stock valued at $247,824 over the last quarter.

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SKY Company Profile

Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.

Analyst Recommendations for SKY (LON:SKY)

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