Sky Plc (LON:BSY) has been assigned a GBX 820 ($9.99) price objective by stock analysts at HSBC in a research note issued to investors on Friday. The firm currently has a a “neutral” rating on the stock. HSBC’s price objective would suggest a potential downside of 3.59% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group Inc. set a GBX 1,013 ($12.35) target price on shares of Sky Plc and gave the stock a “buy” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. set a GBX 960 ($11.70) target price on shares of Sky Plc and gave the stock a “neutral” rating in a report on Thursday, September 8th. Deutsche Bank AG restated a “buy” rating on shares of Sky Plc in a report on Tuesday, October 4th. Morgan Stanley set a GBX 1,025 ($12.49) target price on shares of Sky Plc and gave the stock a “neutral” rating in a report on Friday, July 22nd. Finally, RBC Capital Markets set a GBX 1,100 ($13.41) target price on shares of Sky Plc and gave the stock a “buy” rating in a report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,048.76 ($12.78).
Sky Plc Company Profile
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.
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